Florida Statutes, Rules, and Regulations Common to All Lines
An unlicensed person telephones Florida residents to interest them in a life product, taking no applications and collecting no money. Is that transacting insurance?
Answer and explanation
Answer: D. Section 624.10(5) lists solicitation or inducement first among the activities that constitute transacting insurance, so the calls qualify even though nothing was signed, paid, or issued. Reading the definition to require an application, a premium, or a completed contract would leave out the very first item it names.Source: Fla. Stat. § 624.10 — 624.10(5), Solicitation and inducement
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