Fla. Stat. 634.111
Duration of suspension; obligations of company during suspension period; reinstatement

(1)

The suspension of the license of a company shall be for such period not to exceed 1 year as is fixed by the office in the order of suspension, unless the office shortens or rescinds such suspension or the order upon which the suspension is based is modified, rescinded, or reversed.

(2)

During the period of suspension, the company shall file its annual statement and quarterly reports, pay fees, pay licenses, and pay taxes as required under this chapter as if the license had continued in full force.

(3)

Upon expiration of the suspension period, if within such period the license has not otherwise terminated, the license of the company shall be reinstated automatically unless the office finds that the causes of the suspension have not been removed or that the company is otherwise not in compliance with the requirements of this chapter. The office shall give the company notice of any such finding not less than 30 days in advance of the expiration of the suspension period. If not so automatically reinstated, the license shall be deemed to have expired as of the end of the suspension period or upon failure of the company to continue the license during the suspension period, whichever event first occurs.

(4)

Upon reinstatement of the license of a company or reinstatement of the certificate of authority of an insurer following suspension, the authority of its salespersons in this state to represent the company or insurer shall likewise be reinstated. The office shall promptly notify the company or insurer and its salespersons of record in this state of such reinstatement.

Source: Section 634.111 — Duration of suspension; obligations of company during suspension period; reinstatement, https://www.­flsenate.­gov/Laws/Statutes/2024/0634.­111 (accessed Aug. 7, 2025).

634.011
Definitions 634.021
Powers of department, commission, and office 634.023
Part exclusive 634.031
License required 634.041
Qualifications for license 634.042
Prohibited investments and loans 634.044
Assets and liabilities 634.045
Guarantee agreements 634.052
Required deposit 634.053
Levy upon deposit limited 634.061
Application for and issuance of license 634.071
License continuance 634.081
Suspension or revocation of license 634.095
Prohibited acts 634.101
Order, notice of suspension or revocation of license 634.111
Duration of suspension 634.121
Forms, required procedures, provisions 634.131
Tax on premiums and assessments 634.136
Office records required 634.137
Financial and statistical reporting requirements 634.141
Examination of companies 634.151
Service of process 634.161
Service of process 634.171
Salesperson to be licensed and appointed 634.181
Grounds for compulsory refusal, suspension, or revocation of license or appointment of salespersons 634.191
Grounds for discretionary refusal, suspension, or revocation of license or appointment of salespersons 634.201
Refusal, suspension, or revocation of license or appointment of salespersons 634.211
Administrative fine in lieu of suspension or revocation of license or appointment 634.221
Disposition of taxes and fees 634.231
Insurance business not authorized 634.241
Prohibition against fronting 634.242
Injunctive proceedings 634.251
Penalty for violation 634.252
Acquisition 634.253
Delinquency proceedings 634.261
Voluntary compliance in lieu of suspension or revocation 634.271
Civil remedy 634.282
Unfair methods of competition and unfair or deceptive acts or practices defined 634.283
Power of department and office to examine and investigate 634.284
Prohibited practices 634.285
Cease and desist and penalty orders 634.286
Appeals from orders of the department or office 634.287
Penalty for violation of cease and desist order 634.288
Civil liability 634.1213
Noncompliant forms 634.1815
Rebating 634.2515
Penalty for selling agreements of a nonlicensed company 634.2815
Unfair methods of competition and unfair or deceptive acts or practices prohibited 634.2825
Motor vehicle service agreement cost specified in “price package.” 634.2855
Unauthorized entities

Current through Fall 2025

§ 634.111. Duration of suspension; obligations of company during suspension period; reinstatement's source at flsenate​.gov