(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 without any further procedure relative thereto by the department.
(2) If, after an investigation or upon other evidence, the department has reason to believe that there may exist any one or more grounds for the suspension, revocation, or refusal to renew or continue the license or appointment of any sales representative, as such grounds are specified in ss. 634.422 and 634.423, the department may proceed to suspend, revoke, or refuse to renew or continue the license or appointment, as the case may be.
(3) If the licensed and appointed sales representative also holds a license to perform professional services of the type covered by the service warranty issued, the department shall file with the regulatory authority that issued the license a recommendation that the license be suspended or revoked. Such regulatory authority shall promptly review the recommendation and take appropriate action in accordance with its laws and rules to suspend or revoke the license.
(4) Whenever it appears that any licensed or appointed insurance agent has violated the provisions of this part, the department may take action relative thereto as is authorized by the insurance code for a violation of the insurance code by the agent.
History.—s. 5, ch. 78-255; s. 3, ch. 81-148; s. 2, ch. 81-318; s. 3, ch. 83-265; ss. 19, 36, 37, 38, ch. 83-322; s. 64, ch. 91-106; s. 155, ch. 91-108; s. 20, ch. 93-195.
Structure Florida Statutes
Chapter 634 - Warranty Associations
Part III - Service Warranty Associations (Ss. 634.401-634.444)
634.402 - Powers of department, commission, and office; rules.
634.4025 - Part exclusive; applicability of other laws.
634.403 - License required; exemptions.
634.404 - Qualifications for license.
634.405 - Required deposit or bond.
634.4051 - Levy upon deposit limited.
634.406 - Financial requirements.
634.4061 - Assets and liabilities.
634.4062 - Prohibited investments and loans.
634.4065 - Guarantee agreements.
634.407 - Application for and issuance of license.
634.408 - License continuance.
634.409 - Grounds for suspension or revocation of license.
634.411 - Order; notice of suspension or revocation of license; effect; publication.
634.412 - Duration of suspension; obligations of association during suspension; reinstatement.
634.413 - Administrative fine in lieu of suspension or revocation.
634.414 - Forms; required provisions.
634.4145 - Noncompliant forms.
634.415 - Tax on premiums; annual statement; reports.
634.416 - Examination of associations.
634.4165 - Office records required.
634.419 - License and appointment required.
634.420 - License and appointment of sales representatives.
634.421 - Reporting and accounting for funds.
634.4225 - Rebating; when allowed.
634.425 - Duration of suspension or revocation.
634.426 - Administrative fine in lieu of suspension or revocation of license or appointment.
634.427 - Disposition of taxes and fees.
634.428 - Insurance business not authorized.
634.429 - Fronting not permitted.
634.430 - Dissolution or liquidation.
634.431 - Penalty for violation.
634.435 - Unfair methods of competition and unfair or deceptive acts or practices prohibited.
634.436 - Unfair methods of competition and unfair or deceptive acts or practices defined.
634.437 - Power of department and office to examine and investigate.
634.438 - Prohibited practices; hearings; procedure; service of process.
634.4385 - Unauthorized entities; gifts and grants.
634.439 - Cease and desist and penalty orders.
634.44 - Appeals from orders of the department or office.
634.441 - Penalty for violation of cease and desist order.