State RegulationsFL specificDifficulty 2/5
A Florida agent is convicted of a crime after licensure. What must the agent 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 B is correct
Under Chapter 626, Florida Statutes, licensees must report criminal convictions to the Department of Financial Services, and failing to report is itself a ground for administrative action. The perpetual nature of the license, which continues without renewal applications while appointments and continuing education are maintained, never excuses reporting duties.
Why the other options are wrong
- A) Perpetual licensing means no renewal application, not an exemption from reporting obligations.
- C) Insurers do not hold licenses; the licensee's obligations run to DFS, not to the appointing company.
- D) Waiting for discovery compounds the problem; self-reporting is the required course.
Memory hook
New conviction? Tell DFS yourself.