Florida Statutes, Rules, and Regulations Common to All Lines
A person handles beneficiary changes and claim questions on in-force Florida policies but never sells anything. Does that count as transacting insurance?
Answer and explanation
Answer: A. Section 624.10(5) closes with transaction of matters subsequent to effectuation of a contract of insurance and arising out of it, so servicing in-force business is transacting insurance. The definition is not confined to new sales, does not carve out administrative work, and does not condition post-issue activity on premium collection.Source: Fla. Stat. § 624.10 — 624.10(5), Matters subsequent to effectuation
More florida statutes, rules, and regulations common to all lines questions
- An agent receives a written order from the Department and deliberately disregards it. How does section 626.611 treat that?
- An agent receives premium from an applicant and an unrelated consulting fee from the same person on the same day. Which is a trust fund?
- An agent repeatedly misexplains basic policy mechanics to clients, causing them to buy unsuitable coverage. Which ground in section 626.611 fits most closely?
- An agent uses misleading comparisons to persuade a client to surrender an in-force life policy and buy a new one from a different insurer. Which practice is this?
- An agent uses the accumulated values in a client's existing policy to fund a new policy with the same insurer, earning fresh first-year commission, and cannot point to any reasoned benefit to the client. Which practice is this?
- An agent writes a life policy and adds a small ancillary coverage to the application, telling the applicant nothing about it, then collects the combined premium. Which practice does Florida law say this is?
589 Florida questions like this one.
Every answer explained, the ones you miss come back on a spaced schedule, and a plan built from your exam date.