Which of the following is NOT necessary for an agent to collect when recommending an annuity purchase in Florida?

Study for the Florida Insurance Law and Rules Test. Explore interactive flashcards and multiple-choice questions, each with detailed explanations. Prepare for success on your exam!

When recommending an annuity purchase in Florida, the collection of certain information is essential to ensure that the product fits the client's financial situation and needs. The correct choice indicates that marital status is not a necessary factor for an agent to collect.

While an agent must gather information regarding employment history, annual income, and tax status to assess the suitability of the annuity product for the client, marital status does not directly impact the basic suitability assessment for annuities in the same way. The focus on employment history and annual income is aimed at understanding the client's financial capability and ongoing needs, while tax status is critical for understanding potential tax implications of the annuity.

Therefore, collecting marital status, while it may provide some context, is not a regulatory requirement when determining the appropriate fit for an annuity purchase, making it the correct answer in this context.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy