Florida Insurance Claims Adjuster License Practice Exam

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What is required to be authorized to transact business in Florida?

General Lines Agent License
Customer Representative License
Certificate of Authority
Personal Liability Insurance

The correct answer is: Certificate of Authority

A General Lines Agent License is not required to be authorized to transact business in Florida. This type of license is required for individuals selling insurance policies. A Customer Representative License is also not required to transact business, but rather for individuals who assist with selling insurance policies under the supervision of a licensed agent. Personal Liability Insurance is not a requirement for authorization to transact business, but it is a recommended protection for individuals in business. A Certificate of Authority is the correct answer because it is issued by the state government and grants a business the authority to legally operate within the state, including transacting business. Without this certificate, a business may face penalties or fines for operating without authorization.