Olu O. Eniwaye, the Daytona State College professor who came up with the idea to sell coverage for the possibility a marriage might end in divorce, said he is also pitching the idea to national insurers to gain backing for his Web site, the Daytona Beach (Fla.) News-Journal reported Monday.
"I'm going through finding an insurance company to collaborate with me," he said. "Right now, I am going through the process of applying for a license."
The Office of Insurance Regulation said the application is under review.
"You need to apply for a license, and part of that process is looking into a proposed company's financial structure," said Dick Domansky, a spokesman for the state agency. "Having the backing is part of the process. This office will take action, if appropriate."
Celebrity Breakups and divorces of 2014 [PHOTOS]