634.422 – Grounds for compulsory refusal, suspension, or revocation of license or appointment of sales representatives.
634.422 Grounds for compulsory refusal, suspension, or revocation of license or appointment of sales representatives.—The department shall deny, suspend, revoke, or refuse to renew or continue the license or appointment of any sales representative if it is found that any one or more of the following grounds applicable to the sales representative exist: (1) Material misstatement, misrepresentation, […]
634.4225 – Rebating; when allowed.
634.4225 Rebating; when allowed.— (1) No sales representative shall rebate any portion of his or her commission except as follows: (a) The rebate shall be available to all consumers in the same actuarial class. (b) The rebate shall be in accordance with a rebating schedule filed with and approved by the association issuing the service warranty to which the […]
634.423 – Grounds for discretionary refusal, suspension, or revocation of license or appointment of sales representatives.
634.423 Grounds for discretionary refusal, suspension, or revocation of license or appointment of sales representatives.—The department may deny, suspend, revoke, or refuse to renew or continue the license or appointment of any sales representative if it is found that any one or more of the following grounds applicable to the sales representative exist under circumstances for […]
634.424 – Procedure for refusal, suspension, or revocation of license or appointment of sales representatives.
634.424 Procedure for refusal, suspension, or revocation of license or appointment of sales representatives.— (1) If any sales representative is convicted by a court of a violation of any provision of this part or an applicable provision of the Florida Insurance Code, the license and appointment of the individual shall thereby be deemed to be immediately revoked […]
634.425 – Duration of suspension or revocation.
634.425 Duration of suspension or revocation.— (1) The department shall, in its order suspending a license or appointment, specify the time period during which the suspension is to be in effect. Such period may not exceed 1 year. The license or appointment shall remain suspended during the period so specified, subject to any rescission or modification of […]
634.426 – Administrative fine in lieu of suspension or revocation of license or appointment.
634.426 Administrative fine in lieu of suspension or revocation of license or appointment.— (1) If, pursuant to procedures provided for in this part, it is found that one or more grounds exist for the suspension, revocation, or refusal to renew or continue any license or appointment issued under this part, on a first offense and except when […]
634.427 – Disposition of taxes and fees.
634.427 Disposition of taxes and fees.—All license fees, taxes on premiums, registration fees, and administrative fines and penalties collected under this part from service warranty associations and sales representatives shall be deposited to the credit of the Insurance Regulatory Trust Fund. History.—s. 5, ch. 78-255; s. 3, ch. 81-148; s. 2, ch. 81-318; s. 3, ch. […]
634.428 – Insurance business not authorized.
634.428 Insurance business not authorized.—Nothing in the Florida Insurance Code or in this part shall be deemed to authorize any service warranty association to transact any insurance business other than that of service warranty as herein defined or otherwise to engage in any other type of insurance unless the association is authorized under a certificate of […]
634.429 – Fronting not permitted.
634.429 Fronting not permitted.—No authorized insurer or licensed service warranty association may act as a fronting company for any unauthorized insurer or unlicensed service warranty association. A “fronting company” is an authorized insurer or licensed service warranty association which, by reinsurance or otherwise, generally transfers to one or more unauthorized insurers or unlicensed service warranty associations […]
634.415 – Tax on premiums; annual statement; reports.
634.415 Tax on premiums; annual statement; reports.— (1) In addition to the license fees provided in this part for service warranty associations and license taxes as provided in the insurance code as to insurers, each such association and insurer shall, annually on or before March 1, file with the office its annual statement, in the form prescribed […]