Marriage insurance site seeks license

July 27, 2009 at 6:16 PM

DAYTONA BEACH, Fla., July 27 (UPI) -- The Florida creator of a Web site designed to sell marriage insurance said he has applied for a license with the Florida Office of Insurance Regulation.

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."

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