Notas de Casos
Case: An investigation into the activities of a surplus lines agent was initiated when an agent failed to submit the correct Surplus Lines Premium Tax from insureds. The Department's investigation determined the agent systemically rounded the surplus lines premium tax for policies to the nearest whole dollar, causing some insureds to be overcharged. The data provided by the insurer indicated the total amount overcharged was $34,321.
Case: Insurance companies are required to notify the Department when they terminate the appointment of any licensee for cause. When the Bureau of Investigation received notice an agent was terminated for cause regarding the sale of annuities to two elderly consumers, an investigation was opened. The investigator visited the affected senior consumers, both over 80 years old, and took their statements. The consumers stated the agent advised them to direct-surrender their existing annuities, without benefit of a 1035 Exchange. The agent further instructed the senior consumers to provide a personal check for the surrendered funds to pay for the new annuities, stating doing so would allow the contracts to be issued quicker.
Case: The investigation was opened after an agent alleged an insurance agency used his license and appointment to sell life insurance policies to insureds he never met. Investigators obtained affidavits from the agent, the involved consumers and insurance company personnel concerning those transactions.
Case: The Department received information alleging a recently licensed Debit Life and Health agent failed to disclose a prior administrative action on his license application. The agent, while an attorney, acted as counsel for two title insurance companies in Florida, and a complaint was submitted to the Florida Bar alleging the attorney misappropriated fiduciary funds belonging to the title insurance companies.