Exams / Florida Life Insurance License / Fla. Stat. §626.743
Fla. Stat. §626.743 — what it says, and how the exam tests it
This section is cited by 2 of our practice questions and is tested on 4 exams including the Florida Life Insurance License.
The text
626.743 Nonresident agents; retaliatory provision. — When under the laws of any other state any fine, tax, penalty, license fee, deposit of money or security or other obligation, limitation, or prohibition is imposed upon resident insurance agents of this state in connection with the issuance of, and activities under, a nonresident agent’s license under the laws of such state as to such Florida agent, including the sharing of commissions, then so long as such laws continue in force or are so administered, the same requirements, obligations, limitations, and prohibitions, of whatever kind, shall be imposed upon every insurance agent of such other state doing business in this state under a nonresident agent’s license issued under s. 626.741.
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.
- Under Fla. Stat. §626.743, when another state imposes a fine, tax, or limitation on Florida resident agents operating in that state, what must Florida impose on agents from that state doing business in Florida?
drill Florida Statutes, Rules and Regulations Common to All Lines → - Under Fla. Stat. §626.743, when another state imposes obligations on Florida's resident agents seeking nonresident licenses in that state, what does Florida impose on agents of that state licensed as nonresidents in Florida?
drill Florida Statutes, Rules and Regulations Common to All Lines →