Which entity is NOT legally permitted to sell life insurance in Florida?

In Florida, life insurance can only be sold by entities that are specifically licensed and authorized under the state’s insurance laws. Insurance companies and independent agents are both authorized to sell life insurance; they hold the necessary licenses issued by the Florida Department of Financial Services. Commercial brokers also typically have the required licenses to facilitate transactions involving life insurance.

Risk management advisers, while knowledgeable in various aspects of risk and financial advice, do not have the specialized insurance licenses required to sell life insurance products. They may provide advice on managing risk, but without the appropriate licensing, they cannot legally sell life insurance in Florida. This distinction highlights the regulatory framework governing the sale of insurance and is designed to protect consumers by ensuring that only qualified individuals and entities handle insurance transactions.