Licensure & Compliance

NON-RESIDENT LIFE AND VARIABLE ANNUITY INSURANCE AGENT

TYPE AND CLASSES:

• 8-14 Life 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 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.
• Must not 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 on cards provided by the Florida Department of Financial Services. Two fingerprint cards are mailed to the applicant.
• Requirements for applicants with prior criminal history (Click Here)

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.
• Can only solicit the specific lines of authority held in resident state. If the individual physically transacts insurance in this state, the insurance company must appoint the individual with a state appointment and a county appointment for each county the individual wishes to transact insurance in.