634.4062 – Prohibited investments and loans.
634.4062 Prohibited investments and loans.—A service warranty association shall not directly or indirectly invest in or lend its funds upon the security of any note or other evidence of indebtedness of any director, officer, or controlling stockholder of the service warranty association. This prohibition applies only to investments and loans initially reported on a service warranty […]
634.4065 – Guarantee agreements.
634.4065 Guarantee agreements.—In order to include receivables from affiliated companies as assets under s. 634.401(9), the service warranty association may provide a written guarantee to assure repayment of all receivables, loans, and advances from affiliated companies, provided that the written guarantee is made by a guaranteeing organization which: (1) Has been in continuous operation for 5 years […]
634.407 – Application for and issuance of license.
634.407 Application for and issuance of license.— (1) An application for license as a service warranty association shall be made to, and filed with, the office on printed forms as prescribed by the commission and furnished by the office. (2) In addition to information relative to its qualifications as required under s. 634.404, the commission may require that […]
634.408 – License continuance.
634.408 License continuance.—A license issued under this part shall continue in force as long as the service warranty association is entitled thereto under this part and until suspended, revoked, or terminated at the request of the service warranty association. However, to continue the license, annually in conjunction with the March 1 filing of the annual statement, […]
634.4085 – Acquisition.
634.4085 Acquisition.—Except for manufacturers as defined in this part, every service warranty association shall be subject to the provisions of s. 628.4615. History.—ss. 24, 38, ch. 83-322; ss. 6, 17, ch. 86-250; s. 4, ch. 87-50; s. 45, ch. 90-119; s. 10, ch. 90-248; s. 184, ch. 91-108; s. 115, ch. 92-318; s. 20, ch. 93-195.
634.409 – Grounds for suspension or revocation of license.
634.409 Grounds for suspension or revocation of license.— (1) The license of any service warranty association may be revoked or suspended, or the office may refuse to renew any such license, if it is determined that the association has violated any lawful rule or order of the commission or office or any provision of this part. (2) The […]
634.411 – Order; notice of suspension or revocation of license; effect; publication.
634.411 Order; notice of suspension or revocation of license; effect; publication.— (1) Suspension or revocation of a service warranty association’s license shall be by order of the office mailed to the association by registered or certified mail. The office shall also promptly give notice of such suspension or revocation to the association’s sales representatives in this state […]
634.401 – Definitions.
634.401 Definitions.—As used in this part, the term: (1) “Consumer product” means tangible property primarily used for personal, family, or household purposes. (2) “Gross income” means the total amount of revenue received in connection with business-related activity. (3) “Gross written premiums” means the total amount of premiums, paid or to be paid by the consumer for the entire period […]
634.412 – Duration of suspension; obligations of association during suspension; reinstatement.
634.412 Duration of suspension; obligations of association during suspension; reinstatement.— (1) A suspension of the license of a service warranty association shall be for such period, not to exceed 1 year, as is fixed in the order of suspension, unless such suspension or the order upon which the suspension is based is modified, rescinded, or reversed. (2) During […]
634.402 – Powers of department, commission, and office; rules.
634.402 Powers of department, commission, and office; rules.—The office shall administer this part, and the commission may adopt rules pursuant to ss. 120.536(1) and 120.54 to implement the provisions of this part related to service warranty associations and service warranties. The department shall administer this part and may adopt rules pursuant to ss. 120.536(1) and 120.54 […]