INICIO :
Volume 1, No. 8 - November 2010
 
Notas de Casos

The following are instances in which licensees or other persons violated the Florida Insurance Code and the administrative action the department has taken against them.
Note: All administrative investigations are subject to referral to the Division of Insurance Fraud for criminal investigation.


Case: An investigation of a life including variable annuity and health agent alleged that he misrepresented the terms and benefits of an annuity sold to a blind senior citizen and failed to pay over $25,000 to an insurer on his account representing return commissions and charge backs.
Disposition: License suspended for 15 months plus restitution.

Case: An investigation of an individual alleged that he was advertising public adjusting services without holding any license.
Disposition: Ordered to cease and desist; fined $5,000.

Case: An investigation of a title insurance agent and agency alleged that she misappropriated escrow funds, failed to forward premiums to an insurer, failed to disburse according to the HUD-1 Settlement Statement, and failed to properly reconcile the escrow account.
Disposition: Licenses revoked.

Case: An investigation of a customer representative and an insurance agency alleged that the customer representative submitted a fraudulent insurance agency application, transacted insurance business without an appointment, issued insurance applications containing misleading information, failed to license the agency in a timely manner, and failed to appoint an agent in full-time charge of the agency.
Disposition: Licenses revoked and she is permanently barred.

Case: An investigation of a general lines, life and health agent alleged that he failed to return unearned premiums of over $1,100 to an insurer, issued a false certificate of insurance, misappropriated fiduciary funds in excess of $20,000, and failed to submit a change of address to the Department.
Disposition: License revoked and is permanently barred.

Case: An investigation of a life including variable annuity and health agent alleged that he submitted forms to an insurer which contained false signatures.
Disposition: License suspended for nine months.

Case: An investigation of a bail bond agent alleged that he failed to timely return $450 of unearned premium to an indemnitor and failed to timely designate a primary bail bond agent.
Disposition: Probation for 12 months; fined $5,000.

Case: An investigation of a general lines and health agent alleged that he charged unnecessary fees to the benefit of an agency officer and submitted a certificate of insurance containing incorrect information.
Disposition: License suspended for six months; fined $2,500; probation for 12 months.

Case: An investigation of a life, health, general lines agent and independent adjuster alleged that he misappropriated fiduciary funds in excess of $13,000 and submitted premium finance documents without the knowledge, consent, and true signature of the insured.
Disposition: License suspended for 18 months; restitution of $7,183.94; probation for 12 months.