Question

Which of the following factors is NOT considered when the Department of Financial Services determines if an agent's home is an insurance agency?

A) Adequate office space
B) Compliance with zoning laws
C) Proximity to a school
D) Proper licensing

Answer 1

The Department of Financial Services considers adequate office space, compliance with zoning laws, and proper licensing when determining if an agent's home is an insurance agency. Proximity to a school is not considered.

Step-by-step explanation:

The Department of Financial Services considers several factors when determining if an agent's home is an insurance agency. These factors include:

1. Adequate office space: The home should have enough space to accommodate the agent's work and meet the requirements of the insurance agency.
2. Compliance with zoning laws: The home should be in an area where operating an insurance agency is permitted according to the local zoning laws.
3. Proper licensing: The agent should have the necessary licenses and certifications to operate as an insurance agent.

The factor that is NOT considered by the Department of Financial Services is the proximity to a school. The distance from a school is not a determining factor in whether an agent's home is considered an insurance agency.