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RESIDENT VARIABLE ANNUITY INSURANCE AGENT
T TYPE AND
CLASSES:
- 2-19 Variable Annuity
Insurance
__________________________________________________________________________________________________________________
Florida Statutes 626.015 (10) defines a “LIFE
AGENT ALSO AS A 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
ALSO AS VARIABLE ANNUITY 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:
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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 bona fide
resident of the state of Florida.
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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.
(Link directly to locations and additional
information)
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If licensed in another
state within three years, provide a Letter
of Clearance.
State Examination
Qualifications (Must
be completed within the last four years):
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 $7, 500.
Applicant cannot be licensed for Credit Life and
Disability, Motor Vehicle Physical Damage and
Mechanical Breakdown or Credit Insurance
simultaneously.
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