Florida Statutes, Rules, and Regulations Common to All Lines
Which set of activities does the Florida Insurance Code include within transacting insurance?
Answer and explanation
Answer: B. Section 624.10(5) provides that transact, with respect to insurance, includes solicitation or inducement, preliminary negotiations, effectuation of a contract of insurance, and transaction of matters subsequent to effectuation and arising out of it. The definition reaches from the first approach through to post-issue servicing, which is wider than each of the other choices.Source: Fla. Stat. § 624.10 — 624.10(5), Transact defined
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