Florida Statute 624.4211 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVII
INSURANCE

Chapter 624
INSURANCE CODE: ADMINISTRATION AND GENERAL PROVISIONS

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F.S. 624.4211

624.4211 Administrative fine in lieu of suspension or revocation.—

(1) If the office finds that one or more grounds exist for the discretionary revocation or suspension of a certificate of authority issued under this chapter, the office may, in lieu of such revocation or suspension, impose a fine upon the insurer.

(2)(a) With respect to a nonwillful violation, such fine may not exceed:

1. Twenty-five thousand dollars per violation, up to an aggregate amount of $100,000 for all nonwillful violations arising out of the same action, related to a covered loss or claim caused by an emergency for which the Governor declared a state of emergency pursuant to s. 252.36.

2. Twelve thousand five hundred dollars per violation, up to an aggregate amount of $50,000 for all other nonwillful violations arising out of the same action.

(b) If an insurer discovers a nonwillful violation, the insurer 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 insurer’s option. The restitution may be a credit against future premiums due, provided that interest accumulates until the premiums are due. If the amount of restitution due to any person is $50 or more and the insurer wishes to credit it against future premiums, it shall notify such person that she or he may receive a check instead of a credit. If the credit is on a policy that is not renewed, the insurer shall pay the restitution to the person to whom it is due.

(3)(a) With respect to a knowing and willful violation of a lawful order or rule of the office or commission or a provision of this code, the office may impose a fine upon the insurer in an amount not to exceed:

1. Two hundred thousand dollars for each such violation, up to an aggregate amount of $1 million for all knowing and willful violations arising out of the same action, related to a covered loss or claim caused by an emergency for which the Governor declared a state of emergency pursuant to s. 252.36.

2. One hundred thousand dollars for each such violation, up to an aggregate amount of $500,000 for all other knowing and willful violations arising out of the same action.

(b) In addition to such fines, the insurer shall make restitution when due in accordance with subsection (2).

(4) The failure of an insurer 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 shall not constitute a violation of this code.

History.—s. 1, ch. 72-248; s. 3, ch. 76-168; s. 1, ch. 77-457; s. 21, ch. 78-95; ss. 2, 3, ch. 81-318; ss. 55, 64, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 183, ch. 97-102; s. 800, ch. 2003-261; s. 4, ch. 2008-66; s. 6, ch. 2023-172.

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Amendments to 624.4211

Arrestable Offenses / Crimes under Fla. Stat. 624.4211

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 624.4211.

Annotations, Discussions, Cases:

Cases Citing Statute 624.4211

Total Results: 3

QBE Insurance Corp. v. Chalfonte Condominium Apartment Ass'n

Court: Fla. | Date Filed: 2012-05-31T00:00:00-07:00

Citation: 94 So. 3d 541, 37 Fla. L. Weekly Supp. 395, 2012 WL 1947863, 2012 Fla. LEXIS 1063

Snippet: violated any provision of the Insurance Code”); id. § 624.4211(1) (allowing the Department to impose a fine on

Roche Surety & Casualty Co. v. Department of Financial Services, Office of Insurance Regulation

Court: Fla. Dist. Ct. App. | Date Filed: 2005-02-09T00:00:00-08:00

Citation: 895 So. 2d 1139, 2005 Fla. App. LEXIS 1359, 2005 WL 292222

Snippet: for failure to return the build-up funds. See § 624.4211(4), Fla. Stat. (2003) (permitting the Department…therefore, imposed a penalty of $10,000. See § 624.4211(3). Willfulness is a question of fact. McGann …interpretation of the willful requirement in section 624.4211(4) must be governed by the principle of statutory

Dyer v. DEPT. OF INS. & TREASURER

Court: Fla. Dist. Ct. App. | Date Filed: 1991-08-21T00:53:00-07:00

Citation: 585 So. 2d 1009

Snippet: .381, thence back to section 624.4211 we have found that section 624.4211 only authorizes the imposition…, impose an administrative fine pursuant to s. 624.4211." (Emphasis added.) Section 627.381(2) authorizes…relate to disciplining insurance agents. Section 624.4211 is found in Part III of the initial chapter of… of insurers, not agents in the field. Section 624.4211(1) provides that, "[i]f the department finds…revocation, the same as section 626.681. Hence, section 624.4211, even if it can be said to govern the penalties