Florida Statutes
Part X - Viatical Settlements (Ss. 626.991-626.99295)
626.99272 - Cease and desist orders and fines.


(1) The office or department as appropriate may issue a cease and desist order upon a person that violates any provision of this part, any rule or order adopted by the commission, office, or department, or any written agreement entered into with the office or department.
(2) When the office or department finds that such an action presents an immediate danger to the public which requires an immediate final order, it may issue an emergency cease and desist order reciting with particularity the facts underlying such findings. The emergency cease and desist order is effective immediately upon service of a copy of the order on the respondent and remains effective for 90 days. If the office or department begins nonemergency cease and desist proceedings under subsection (1), the emergency cease and desist order remains effective, absent an order by an appellate court of competent jurisdiction pursuant to s. 120.68, until the conclusion of proceedings under ss. 120.569 and 120.57.
(3) The office or department may impose and collect an administrative fine not to exceed $10,000 for each nonwillful violation and $25,000 for each willful violation of any provision of this part.
History.—s. 10, ch. 99-212; s. 1058, ch. 2003-261.

Structure Florida Statutes

Florida Statutes

Title XXXVII - Insurance

Chapter 626 - Insurance Field Representatives and Operations

Part X - Viatical Settlements (Ss. 626.991-626.99295)

626.991 - Short title.

626.9911 - Definitions.

626.9912 - Viatical settlement provider license required; application for license.

626.9913 - Viatical settlement provider license continuance; annual report; fees; deposit.

626.9914 - Suspension, revocation, denial, or nonrenewal of viatical settlement provider license; grounds; administrative fine.

626.9915 - Effect of suspension or revocation of viatical settlement provider license; duration of suspension; reinstatement.

626.9916 - Viatical settlement broker license required.

626.99175 - Life expectancy providers; registration required; denial, suspension, revocation.

626.99181 - Viatical settlement broker’s compensation.

626.9919 - Notice of change of licensee or registrant’s address or name.

626.992 - Use of licensed viatical settlement providers, viatical settlement brokers, and registered life expectancy providers required.

626.9921 - Filing of forms; required procedures; approval.

626.9922 - Examination.

626.9923 - Viatical settlement contracts; required disclosures.

626.9924 - Viatical settlement contracts; procedures; rescission.

626.99245 - Conflict of regulation of viaticals.

626.9925 - Rules.

626.9926 - Rate regulation not authorized.

626.9927 - Unfair trade practices; cease and desist; injunctions; civil remedy.

626.99272 - Cease and desist orders and fines.

626.99275 - Prohibited practices; penalties.

626.99278 - Viatical provider anti-fraud plan.

626.9928 - Acquisitions.

626.99285 - Applicability of insurance code.

626.99287 - Contestability of viaticated policies.

626.99289 - Void and unenforceable contracts, agreements, arrangements, and transactions.

626.99291 - Contestability of life insurance policies.

626.99292 - Notice to insureds.

626.99295 - Grace period.