Protecting the Insurance-Buying Public by Licensing Competent and Trustworthy
Individuals and Entities and Expeditiously Investigating Alleged Violations
of the Florida Insurance Code
Licensure & Compliance
RESIDENT LIFE INCLUDING VARIABLE ANNUITY INSURANCE AGENT
TYPE AND CLASSES:
-
2-14 Life including Variable Annuity Insurance
Florida Statutes 626.015 (10) defines a “LIFE INCLUDING VARIABLE
ANNUITY AGENT” as an individual representing an insurer as to life insurance
and annuity contracts, including agents appointed to transact appointed
to transact life insurance, fixed-dollar annuity contracts, or variable
contracts by the same insurer.
Florida Statutes 624.602 defines “LIFE INSURANCE” as insurance of
human lives. Life insurance is a loss against loss due to the death
of a particular person upon whose death the insurance company agrees
to pay a stated sum or income to the beneficiary. The transaction of
life insurance includes also the granting of annuity contracts, including,
but not limited to, fixed or variable annuity contracts; the granting
of endowment benefits, additional benefits in event of death or dismemberment
by accident or accidental means, additional benefits in event of the
insured’s disability; and optional modes of settlement of proceeds of
life insurance.
Application Qualifications:
- Complete an online application for License and submit appropriate
fees.
Apply for license
- Be a natural person at least 18 years of age.
- Be a resident of the state of Florida.
- Be a United States citizen or legal alien who possesses a work
authorization from the United States Immigration and Naturalization
Services.
- Not be an employee of the United States Department of Veterans
Affairs or state service office, as referred to in Section 626.833,
Florida Statutes.
- Be fingerprinted at one of the Department's fingerprint sites.
Fingerprint locations and additional information
- If licensed in another state within three years, provide a Letter
of Clearance.
- Requirements for applicants with prior criminal history
(Click Here)
State Examination Qualifications
Must be completed within four years of application date
- Successfully completed a 40-hour approved insurance course for
life including variable annuity.
Find Course; or
- Successfully completed a correspondence course approved by the
Department. This course is offered by the University of Florida
(352) 392-1711
Find Course; or
- Successfully completed at least 3 semester credit hours of life
including variable annuity insurance course from an accredited college
or university (an official transcript required); or
Exemptions for State Examination
- A letter of clearance indicating the licensee held a life including
variable annuity license for at least one (1) year in his/her home
state and applying for a license within 90 days of becoming a resident
of the State of Florida; or
- An original letter from the American College of Life Underwriters
certifying the licensee was awarded the Chartered Life Underwriters
(CLU) designation and has been engaged in business the last 4 years.
Special Notes
- Not be a funeral director or direct disposer, or an employee
or representative thereof, or have an office in or in connection
with a funeral establishment. A funeral establishment may contract
with a life insurance agent to sell a pre-need contract as defined
in Chapter 497. Individuals who are funeral directors, direct disposers
or employees of a funeral establishment which holds a certificate
of authority pursuant to Florida Statutes 497.405 may be licensed
as life insurance agents to sell only policies of life insurance
covering the expense of a prearrangement for funeral services or
merchandise so as to provide funds at the time the services and
merchandise are needed. The face amount of insurance covered by
any such policy shall not exceed $12,500.
- Applicant cannot be licensed for Credit Life and Disability,
Motor Vehicle Physical Damage and Mechanical Breakdown or Credit
Insurance simultaneously.
