State RegulationsFL specificDifficulty 2/5
A Tampa resident wants a life and health agent license. Which statement about the application process is correct?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Under Chapter 626, Florida Statutes, agent license applications are submitted to the Department of Financial Services with the statutory fee under Fla. Stat. 624.501(5). DFS processes the application once the education, examination, and background requirements are satisfied, and the license is then available for appointment by insurers.
Why the other options are wrong
- A) The Office of Financial Regulation handles banking and securities licensing, not insurance agent applications.
- C) Individuals may apply on their own; an insurer's sponsorship is not required to submit the application.
- D) Licenses are issued administratively by DFS, not personally approved by the Governor.
Memory hook
Applications go to DFS, with the fee.