State RegulationsFL specificDifficulty 1/5
In Florida, which agency processes applications for insurance agent and adjuster licenses and maintains licensing records?
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
The Florida Department of Financial Services (DFS), under the Chief Financial Officer, administers the licensing of insurance agents and adjusters under Chapter 626, Florida Statutes: it processes applications, issues licenses, maintains licensing records, and tracks each licensee's appointment status and continuing education compliance.
Why the other options are wrong
- A) The Office of Insurance Regulation licenses and supervises insurance companies, not individual agents and adjusters.
- C) The Office of Financial Regulation licenses banks, lenders, and securities firms, not insurance agents.
- D) The Financial Services Commission appoints regulators and adopts rules; it does not process agent license applications.
Memory hook
DFS = the agent's licensing home base.