20.2 Maintaining a License
An individual who knowingly makes a false or otherwise fraudulent application for any license or who violates any provision of the Insurance Code shall, upon conviction, and in addition to any denial, suspension, revocation or refusal to renew or continue any license, be punishable as a misdemeanor by a fine of not less than $500 nor more than $3,500 or by imprisonment for not more than six months or by both, for each violation. In lieu of the above, the Chief Financial Officer may, at his discretion, impose an administrative penalty of up to $50,000, if a cease and desist order is violated.
Florida law requires all licensed agents to adhere to the state's continuing education (CE) requirements. CE is required of all persons licensed to engage in the sale of insurance in the state for all lines of insurance for which an examination is required for licensing.
Agents must also keep the Department of Financial Services informed of any address or name changes within a specific amount of time. (See 20.2.2 for specific requirements.)
