Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69B - Division of Insurance Agent and Agency Services
Chapter 69B-157 - LONG-TERM CARE INSURANCE
Section 69B-157.122 - Penalties

Universal Citation: FL Admin Code R 69B-157.122
Current through Reg. 50, No. 187; September 24, 2024

In addition to any other penalties provided by the laws of this state, any insurer and any agent found to have violated any requirement of this state relating to the regulation of long-term care insurance or the marketing of such insurance shall be subject to a fine of up to 3 times the amount of any commissions paid for each policy involved in the violation or up to $10,000, whichever is greater, however, such penalty shall not exceed the amounts specified in sections 624.4211 or 626.9521(2), F.S.

Rulemaking Authority 624.308(1), 626.9611, 627.9407(1), 627.9408 FS. Law Implemented 624.307(1), 626.9521, 627.9402 FS.

New 1-13-03, Formerly 4-157.122.

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