State RegulationsFL specificDifficulty 2/5
The DFS background review reveals that a license applicant submitted false statements about criminal history on the application. What can the Department of Financial Services do?
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 D is correct
Under Chapter 626, Florida Statutes, the Department of Financial Services may deny a license when the applicant's background, including false statements on the application, shows a lack of trustworthiness. Passing the examination qualifies the applicant's knowledge, but character findings from the background review control the licensing decision.
Why the other options are wrong
- A) Examination success does not excuse false statements made during the application process.
- B) Automatic issuance would defeat the background review's entire purpose.
- C) The guaranty association pays claims of failed insurers; it has no role in licensing decisions.
Memory hook
Lie on the application, lose the license before you have it.