Who is defined by Florida law as every person engaged in the business of entering into contracts of insurance or annuity?

In Florida law, the term that defines every person engaged in the business of entering into contracts of insurance or annuity is "insurer." An insurer is typically a company or entity that provides insurance coverage to policyholders in exchange for premiums. They are responsible for the financial risk associated with the policies they issue and play a key role in the insurance market by underwriting policies, which involves assessing risk and setting premium rates accordingly.

Understanding the role of an insurer is crucial in the insurance industry, as they are the entities that safeguard against various risks through their contracts. This term encompasses both large insurance companies and smaller entities that provide coverage for specific risks or groups.

In contrast, policyholders are individuals or entities that purchase insurance policies but are not involved in the business of creating or underwriting those policies. Actuaries are professionals who analyze statistical data to assess risk and inform the design and pricing of insurance products but do not enter into the contracts themselves. Brokers act as intermediaries who help clients find the best insurance products to fit their needs but do not directly engage in the business of issuing insurance. Thus, "insurer" accurately captures the definition provided in the question.