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Florida Statutes Title XXXVII. Insurance § 636.223. Administrative penalty

Current as of January 01, 2025 | Updated by Findlaw Staff

In lieu of suspending or revoking a certificate of authority whenever any discount plan organization has been found to have violated any provision of this part, the office may:

(1) Issue and cause to be served upon the organization charged with the violation a copy of such findings and an order requiring such organization to cease and desist from engaging in the act or practice that constitutes the violation.

(2) Impose a monetary penalty of not less than $100 for each violation, but not to exceed an aggregate penalty of $75,000.

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Cite this article: FindLaw.com - Florida Statutes Title XXXVII. Insurance § 636.223. Administrative penalty - last updated January 01, 2025 | https://codes.findlaw.com/fl/title-xxxvii-insurance/fl-st-sect-636-223/

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