Florida
Florida Changing Pre-License Education Requirement
Effective July 1, 2023, Florida is changing Pre-License Education Requirement for Residents to reduce the number of coursework hours to be completed in life insurance, annuities, and variable contracts from "40 hours" to "30 hours."
Life agent license applicants must complete 1 of the following methods of pre-license education within 4 years before application:
a. 30 hours of coursework in life insurance, annuities, and variable contracts, including 3 hours of ethics (courses must include instruction on unauthorized entities engaging in the business of insurance);
b. 60 hours of approved coursework covering multiple areas of insurance, including life insurance, annuities, variable contracts, and 3 hours of ethics (courses must include instruction on unauthorized entities engaging in the business of insurance);
c. an active ChFC, FMLI, or CLU designation;
d. hold an active life insurance license in a reciprocal state; or
e. at least 1 year of employment with the Department or Office, if:
I. the employment was full time in life insurance regulatory matters;
II. was not terminated for cause; and
III. application for examination is made within 4 years after termination of this employment.
a. 30 hours of coursework in life insurance, annuities, and variable contracts, including 3 hours of ethics (courses must include instruction on unauthorized entities engaging in the business of insurance);
b. 60 hours of approved coursework covering multiple areas of insurance, including life insurance, annuities, variable contracts, and 3 hours of ethics (courses must include instruction on unauthorized entities engaging in the business of insurance);
c. an active ChFC, FMLI, or CLU designation;
d. hold an active life insurance license in a reciprocal state; or
e. at least 1 year of employment with the Department or Office, if:
I. the employment was full time in life insurance regulatory matters;
II. was not terminated for cause; and
III. application for examination is made within 4 years after termination of this employment.
AgentSync Actions
Our compliance experts are constantly searching for and analyzing industry updates.
Their findings are then recorded in the Regulatory Updates section of the Compliance
Library to explain how the update impacts the insurance industry. If a change
impacts an
AgentSync product, this will be highlighted to inform you that the product is being
updated to ensure you remain in compliance.
analyzed
pending
effective
This update has been reviewed by AgentSync compliance experts for industry impact and necessary automation in the AgentSync platform.
categories
Education and Training
analyzed
Our compliance experts have identified the update and analyzed it for impact on both the industry and AgentSync products.
pending
The time between the update's publication date and effective date.
effective
The date the update takes effect.
released
This means an AgentSync product was updated as a result of this change and the update is now live in our product(s).