Resident Variable Contracts Agent License
TYPE AND CLASS:
2-19 Variable Contracts Agent License
Florida Statutes 626.015(10) states that a life agent is an individual representing an insurer as
to life insurance and annuity contracts, including agents appointed
to transact life insurance, fixed-dollar
annuity contracts, or variable contracts by the same insurer.
Florida Statutes 624.602 states that life insurance is 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
- Complete an online application for License and submit
Apply for license
- Be a natural person at least 18 years of age.
- Be a bona fide 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
- 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.
- You must be fingerprinted. [Click here and follow the instructions]
- If licensed in another state within three years, provide a
Letter of Clearance.
State Examination Qualification
- The prerequisite for this license is to currently hold the Life Agent
or Life and Health Agent license. No individual is allowed to
take the examination unless so currently licensed.
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.
- 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