State RegulationsFL specificDifficulty 1/5
Under Florida law, who is an insurance agent?
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Under Chapter 626, Florida Statutes, an agent is a natural person licensed by the Department of Financial Services and appointed by one or more insurers to transact insurance, which means soliciting, negotiating, and effectuating contracts on behalf of those insurers. The license authorizes the person; appointments connect the person to particular companies.
Why the other options are wrong
- A) A policy purchaser is the insured or policyowner, the party buying protection, not the company's representative.
- C) OIR employees regulate insurers; they do not act as appointed representatives of them.
- D) Adjusters investigate and settle claims, a separate license category from agents.
Memory hook
Agent = licensed person + appointed by an insurer.