Which of the following is NOT recognized as a legal entity for selling life insurance in Florida?

In Florida, the legal entities recognized for selling life insurance typically include insurance agents, insurance brokers, and franchise agencies. Each of these entities has specific roles within the insurance marketplace and is subject to state regulations that govern their operations.

Insurance agents represent one or more insurance companies and are authorized to sell policies on behalf of those companies. Insurance brokers, on the other hand, act as intermediaries who can offer policies from various insurers, providing clients with a broader range of options. Franchise agencies operate under a recognized brand, allowing them to sell insurance products while benefiting from the support and recognition that comes from being part of a larger organization.

Risk management advisers, while important in the broader context of advising clients on managing their risk, are not recognized as legal entities for the purpose of selling life insurance in Florida. They generally focus on the assessment, analysis, and planning aspects of risk but do not have the authority to sell insurance products unless they are also licensed agents or brokers. Thus, the lack of legal status as an insurance seller makes this option the correct choice for the question.