Licensure & Compliance

RESIDENT LIFE, HEALTH AND VARIABLE ANNUITY INSURANCE AGENT

TYPE AND CLASSES:

• 2-15 Life, Health and 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 626.015 (6) defines a “HEALTH AGENT” as an agent representing a health maintenance organization or, as to health insurance only, an insurer transacting health insurance.

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.

Florida Statutes 624.603 defines “HEALTH INSURANCE” is defined as insurance against loss through sickness or accidental bodily injury.

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 the last four years

• Successfully completed 40 hour approved insurance course for life, health and variable annuity. (Find Course); or
• Successfully completed at least 3 semester credit hours of life, health including variable annuity insurance course from an accredited college or university (an official transcript required)

Exemptions for State Examination

• A letter of clearance indicating the licensee held a life, health and 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.