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Volume 1, No. 5 - June 2010
 
Case Notes

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 an insurance agency alleged that the owner obtained the agency license through fraudulent means, employed an individual in a managerial capacity who was revoked, misappropriated premiums, and made overcharges for insurance premiums.
Disposition: License revoked.

Case: An investigation of a public adjuster alleged that he conducted adjusting services prior to obtaining an appointment, failed to include his full name and license number as required on the contract, and failed to designate a primary adjuster for the firm.
Disposition: Probation for 12 months and fined $3,000.

Case: An investigation of a bail bond agent alleged that he failed to return bail bond collateral in a timely manner and failed to properly supervise individuals in his employ.
Disposition: Probation for 12 months, fined $21,400, ordered to timely return collateral and properly supervise individuals in his employ in the future.

Case: An investigation of a life & variable annuity agent alleged that he misrepresented the terms and conditions of annuities.
Disposition: Probation for 12 months and fined $3,000.

Case: An investigation of a title insurance agent alleged that she conducted improper real estate closings on property without a proper title search.
Disposition: License suspended for 4 months.

Case: An investigation of a life, health & variable annuity, and general lines agent alleged that he submitted fraudulent documents to an insurer without the insured's knowledge, consent or true signature.
Disposition: License suspended for 18 months and ordered to cease & desist from submitting fraudulent documents to insurers.

Case: An investigation of a life & health and general lines agent alleged that he failed to pay a customer representative a salary, allowed a customer representative to transact insurance outside the confines of the agency, and failed to properly supervise a customer representative in his employ.
Disposition: Probation for 12 months, fined $5,000, ordered to pay a salary to all customer representatives, and properly supervise them in the confines of the agency while they transact insurance.

Case: An investigation of a non-resident health agent alleged that he failed to timely notify the Department of administrative action taken against him by other states and failed to timely submit a change of address to the Department.
Disposition: Probation for 12 months and fined $4,250.