Fla. Stat. 634.3112
Administrative fine in lieu of suspension or revocation of license of association

(1)

If it is found that one or more grounds exist for the suspension, revocation, or refusal to renew the license of any association issued under this part, the office may, in lieu of such revocation or suspension, impose a fine upon the association.

(2)

With respect to any nonwillful violation, such fine may not exceed $500 per violation. In no event may such fine exceed an aggregate amount of $5,000 for all nonwillful violations arising out of the same action. When an association discovers a nonwillful violation, the association shall correct the violation and, if restitution is due, make restitution to all affected persons. Such restitution shall include interest at 12 percent per year from either the date of the violation or the date of inception of the affected person’s policy, at the option of the association.

(3)

With respect to any knowing and willful violation of a lawful order or rule of the office or commission or a provision of this part, the office may impose a fine upon the association in an amount not to exceed $2,500 for each such violation. In no event may such fine exceed an aggregate amount of $25,000 for all knowing and willful violations arising out of the same action. In addition to such fines, an association shall make restitution when due in accordance with the provisions of subsection (2).

(4)

The failure of an association to make restitution when due, as required under this section, constitutes a willful violation of this code. However, if an insurer in good faith is uncertain as to whether any restitution is due or as to the amount of such restitution, it shall promptly notify the office of the circumstances, and the failure to make restitution pending a determination thereof will not constitute a violation of this part.

Source: Section 634.3112 — Administrative fine in lieu of suspension or revocation of license of association, https://www.­flsenate.­gov/Laws/Statutes/2024/0634.­3112 (accessed Aug. 7, 2025).

634.34
Appeals from orders of the department or office 634.301
Definitions 634.302
Powers of department, commission, and office 634.303
License required 634.304
Qualifications for license 634.305
Required deposit or bond 634.306
Application for and issuance of license 634.307
License expiration 634.308
Grounds for suspension or revocation of license 634.309
Procedure to suspend or revoke license 634.310
Order, notice of suspension or revocation of license 634.311
Duration of suspension 634.312
Forms 634.313
Tax on premiums 634.314
Examination of associations 634.315
Service of process 634.317
License and appointment required 634.318
License and appointment of sales representatives 634.319
Reporting and accounting for funds 634.320
Grounds for compulsory refusal, suspension, or revocation of license or appointment of sales representatives 634.321
Grounds for discretionary refusal, suspension, or revocation of license or appointment of sales representatives 634.322
Procedure for refusal, suspension, or revocation of license or appointment of sales representatives 634.323
Administrative fine in lieu of suspension or revocation of sales representative’s license or appointment 634.324
Disposition of taxes and fees 634.325
Insurance business not authorized 634.326
Fronting not permitted 634.327
Applicability to warranty on new home 634.328
Penalty for violation 634.329
Dissolution or liquidation 634.331
Coverage of property for sale 634.335
Unfair methods of competition and unfair or deceptive acts or practices prohibited 634.336
Unfair methods of competition and unfair or deceptive acts or practices defined 634.337
Power of department and office to examine and investigate 634.338
Prohibited practices 634.339
Cease and desist and penalty orders 634.341
Penalty for violation of cease and desist order 634.342
Injunctive proceedings 634.343
Civil liability 634.344
Coercion of debtor prohibited 634.346
Home warranty coverage requirements 634.348
Investigatory records 634.3025
Part exclusive 634.3051
Levy upon deposit limited 634.3073
Acquisition 634.3076
Prohibited investments and loans 634.3077
Financial requirements 634.3078
Assets and liabilities 634.3112
Administrative fine in lieu of suspension or revocation of license of association 634.3123
Noncompliant forms 634.3135
Office records required 634.3205
Rebating 634.3225
Duration of suspension or revocation of license or appointment 634.3284
Civil remedy 634.3385
Unauthorized entities

Current through Fall 2025

§ 634.3112. Admin. fine in lieu of suspension or revocation of license of association's source at flsenate​.gov