An insurance agent may NOT transact...

An insurance agent may not transact life insurance if they are not specifically licensed to do so. Life insurance requires agents to hold a specific license that confirms their knowledge and understanding of the intricacies involved in life insurance products, regulations, and ethical responsibilities towards clients.

In contrast, health, property, and auto insurance can be transacted by agents licensed in those specific areas. Each type of insurance has its specific qualifications and regulatory requirements to ensure that agents have the necessary expertise to serve clients effectively and ethically. Hence, without the appropriate license for life insurance, an insurance agent is not legally permitted to engage in transactions involving life insurance policies.