Life & Health · Chapter 20 · Financial Services Regulation
CFO License Penalties & Grounds
Definition
The CFO may suspend, revoke, or refuse a license (or fine/probate instead) for: false or incomplete license applications, violating insurance laws or orders, license fraud, misrepresenting contract terms, felony conviction, unfair trade practices, dishonesty or financial irresponsibility, discipline in another state, forging names, cheating on the license exam, accepting business from an unlicensed individual, unpaid court-ordered child support, or licensing to write controlled business. Number triggers: failing to answer a subpoena/order → $1,000 fine; violating a cease-and-desist order → up to $50,000; willful code violation → misdemeanor; willfully submitting fraudulent signatures → third-degree felony with a fine of up to $187,500 per willful violation (F.S. 626.9521). A violation with no defined penalty → $5,000 first offense, $10,000 each subsequent. An agent's license terminates after 48 months with no appointment.
In plain English
The rap sheet that costs you the license — plus the price list attached to each offense.
Exam tip
Match the number to the offense: $1,000 ignored subpoena · $50,000 violated cease-and-desist · $5,000/$10,000 default penalties · 48 months unappointed = license gone.
Easy to confuse with
These are what this term gets tested against — if you can't tell them apart cold, drill the contrast.
Related terms