Fla. Stat. 634.426
Administrative fine in lieu of suspension or revocation of license or appointment

(1)

If, pursuant to procedures provided for in this part, it is found that one or more grounds exist for the suspension, revocation, or refusal to renew or continue any license or appointment issued under this part, on a first offense and except when such suspension, revocation, or refusal is mandatory, an order may be entered imposing upon the licensee or appointee, in lieu of such suspension, revocation, or refusal, an administrative penalty for each violation in an amount of up to $500, or in the event of willful misconduct or willful violation on the part of the licensee or appointee, an administrative fine not to exceed $1,000 for each violation. The administrative penalty may be augmented by an amount equal to any commissions received by or accruing to the credit of the licensee or appointee in connection with any transaction to which the grounds for suspension, revocation, or refusal are related.

(2)

The order may allow the licensee or appointee a reasonable period, not to exceed 30 days, within which to pay to the department or office the amount of the penalty so imposed. If the licensee or appointee fails to pay the penalty in its entirety to the department or office within the period so allowed, the license and appointment of the licensee or appointee shall stand suspended or revoked or renewal or continuation may be refused, as the case may be, upon expiration of such period and without any further proceedings.

Source: Section 634.426 — Administrative fine in lieu of suspension or revocation of license or appointment, https://www.­flsenate.­gov/Laws/Statutes/2024/0634.­426 (accessed Aug. 7, 2025).

634.44
Appeals from orders of the department or office 634.401
Definitions 634.402
Powers of department, commission, and office 634.403
License required 634.404
Qualifications for license 634.405
Required deposit or bond 634.406
Financial requirements 634.407
Application for and issuance of license 634.408
License continuance 634.409
Grounds for suspension or revocation of license 634.411
Order 634.412
Duration of suspension 634.413
Administrative fine in lieu of suspension or revocation 634.414
Forms 634.415
Tax on premiums 634.416
Examination of associations 634.417
Service of process 634.419
License and appointment required 634.420
License and appointment of sales representatives 634.421
Reporting and accounting for funds 634.422
Grounds for compulsory refusal, suspension, or revocation of license or appointment of sales representatives 634.423
Grounds for discretionary refusal, suspension, or revocation of license or appointment of sales representatives 634.424
Procedure for refusal, suspension, or revocation of license or appointment of sales representatives 634.425
Duration of suspension or revocation 634.426
Administrative fine in lieu of suspension or revocation of license or appointment 634.427
Disposition of taxes and fees 634.428
Insurance business not authorized 634.429
Fronting not permitted 634.430
Dissolution or liquidation 634.431
Penalty for violation 634.433
Civil remedy 634.435
Unfair methods of competition and unfair or deceptive acts or practices prohibited 634.436
Unfair methods of competition and unfair or deceptive acts or practices defined 634.437
Power of department and office to examine and investigate 634.438
Prohibited practices 634.439
Cease and desist and penalty orders 634.441
Penalty for violation of cease and desist order 634.442
Injunctive proceedings 634.443
Civil liability 634.444
Investigatory records 634.4025
Part exclusive 634.4051
Levy upon deposit limited 634.4061
Assets and liabilities 634.4062
Prohibited investments and loans 634.4065
Guarantee agreements 634.4085
Acquisition 634.4145
Noncompliant forms 634.4165
Office records required 634.4225
Rebating 634.4385
Unauthorized entities

Current through Fall 2025

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