Exams / Florida Life Insurance License / Fla. Stat. §626.292

Fla. Stat. §626.292 — what it says, and how the exam tests it

This section is cited by 6 of our practice questions and is tested on 5 exams including the Florida Life Insurance License.

The text

626.292 Transfer of license from another state. — (1) An individual licensed in good standing in another state may apply to the department to have the license transferred to this state to obtain a resident agent or all-lines adjuster license for the same lines of authority covered by the license in the other state. (2) To qualify for a license transfer, an individual applicant must meet the following requirements: (a) The individual must become a resident of this state. (b) The individual must have been licensed in another state for a minimum of 1 year immediately preceding the date the individual became a resident of this state. (c) The individual must submit a completed application for this state which is received by the department within 90 days after the date the individual became a resident of this state, along with payment of the applicable fees set forth in s. 624.501 and submission of the following documents: 1. A certification issued by the appropriate official of the applicant’s home state identifying the type of license and lines of authority under the license and stating that the applicant was in good standing in that state or that the state’s Producer Database records, maintained by the National Association of Insurance Commissioners, its affiliates, or subsidiaries, indicate that the agent or all-lines adjuster is or was licensed in good standing for the line of authority requested. An applicant may hold a resident license in another state for 30 days after the Florida resident license has been issued to facilitate the transfer of licensure between states. 2. A set of the applicant’s fingerprints in accordance with s. 626.171(4).

Public record. Read the full, current section at the official source: www.leg.state.fl.us

How it comes up on the exam

Practice questions written from this section — answers and explanations are in the drill.

  1. A producer licensed in another state transfers to a Florida resident all-lines adjuster license. Under Florida law, how long may the applicant continue to hold a resident license in the former home state after the Florida resident license is issued?
    drill Selected Florida Statutes and Rules →
  2. A producer licensed in another state wants to transfer the license to Florida. For how long must the producer have been licensed in the other state immediately before becoming a Florida resident?
    drill Florida Statutes, Rules and Regulations Pertinent to Life and Annuity →
  3. After a Florida resident license has been issued to a transferring applicant, for how many additional days may the applicant hold a resident license in the prior state to facilitate the transfer?
    drill Florida Statutes, Rules and Regulations Common to All Lines →

Exams that test this section