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Florida Administrative Code (Last Updated: April 18, 2024) |
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69. Department of Financial Services |
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69B. Division of Insurance Agent and Agency Services |
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69B-231. Penalty Guidelines For Insurance Representatives |
1(1) Letter of Guidance. Every violation of the Florida Insurance Code, Department rules, or an order of the Department will not necessarily result in the imposition of disciplinary action against the licensee. The Department is authorized to close all or part of an investigation by issuing a letter of guidance or caution to the licensee, if warranted upon consideration of the factors set forth in subsection (1) of Rule 7069B-231.160, 71F.A.C.
72(2) Stipulated Disposition. The provisions of this rule chapter are not intended and shall not be construed to limit the ability of the Department to informally dispose of disciplinary actions by stipulation, agreed settlement, or consent order.
109(3) Cease and Desist Action. The provisions of this rule chapter shall not preclude the Department from initiating administrative action against licensed or unlicensed individuals for the purpose of imposing a cease and desist and penalty order, as authorized under sections 150624.310 151and 152626.9581, F.S.
154(4) Collateral Action. The provisions of this rule chapter are not intended and shall not be construed to limit the ability of the Department to pursue or recommend collateral, civil, or criminal action when appropriate.
189Rulemaking Authority 191624.308(1), 192626.9957(12), 193626.9958 FS. 195Law Implemented 197624.307(1), 198624.308, 199624.310(3), 200626.207, 201626.611, 202626.621, 203626.681, 204626.691, 205626.9521, 206626.9561, 207626.9571, 208626.9581, 209626.9957 FS. 211History–New 7-13-93, Formerly 4-231.070, Amended 8-15-06, Repromgulated 9-10-14, Amended 1-30-19.
