State RegulationsFL specificDifficulty 1/5
When a Florida agent solicits life insurance, whom does the agent legally represent?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Under Chapter 626, Florida Statutes, a life agent acts as the insurer's representative in solicitation: the agent transacts insurance on behalf of the insurer that holds the agent's appointment. That is why the insurer is generally responsible for the agent's acts within the appointment's scope, and why the DFS regulates agents through appointments rather than through agency for consumers.
Why the other options are wrong
- A) The agent represents the insurer, not the applicant, even when giving advice during the sale.
- C) The DFS regulates and disciplines agents; it is not the party they represent.
- D) Agents serve their appointing insurers, not the public generally.
Memory hook
The agent wears the insurer's badge, not the customer's.