Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69B - Division of Insurance Agent and Agency Services
Chapter 69B-231 - PENALTY GUIDELINES FOR INSURANCE REPRESENTATIVES
Section 69B-231.105 - Penalties for Violations of Section 626.8437, F.S

Universal Citation: FL Admin Code R 69B-231.105

Current through Reg. 50, No. 187; September 24, 2024

The following stated penalties shall apply for violations under section 626.8437, F.S., where suspension or revocation of license(s) and appointment(s) is required:

(1) Section 626.8437(1), F.S. - revocation.

(2) Section 626.8437(2), F.S. -

(a) Suspension for 12 months if, had the license application been accurate, the application would have been granted, subject to Department action, based on the statutes and Department licensing rules applicable to the application at the time the Department issued the license, and the documentation in the applicant's file at the time the Department issued the license;

(b) Revocation if, had the license application been accurate, the application would have been denied, based on the statutes and Department licensing rules applicable to the application at the time the Department issued the license.

(3) Section 626.8437(3), F.S. - suspension for 9 months.

(4) Section 626.8437(4), F.S. - suspension for 6 months.

(5) Section 626.8437(5), F.S. - suspension for 6 months.

(6) Section 626.8437(6), F.S. - suspension for 12 months.

(7) Section 626.8437(7), F.S. - suspension for 12 months.

(8) Section 626.8437(8), F.S. - suspension for 9 months.

(9) Section 626.8437(9), F.S. - suspension for 6 months.

(10) Section 626.8437(10), F.S. - see Rule 69B-231.150, F.A.C.

(11) Section 626.8437(11), F.S. - suspension for 3 months.

Rulemaking Authority 624.308(1), 626.207(8) FS. Law Implemented 624.307(1), 624.308, 626.207, 626.8437 FS.

New 1-30-19.

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