Florida Statutes, Rules, and Regulations Common to All Lines
An agent adds a service charge to the premium quoted for a Florida life policy and keeps it. What does section 626.9541 say?
Answer and explanation
Answer: A. Section 626.9541(1)(o) prohibits knowingly collecting any sum in excess of or less than the premium applicable to the insurance. Disclosure, genuine effort, and an insurer-approved schedule do not answer that prohibition, which fixes on the sum actually collected against the applicable premium.Source: Fla. Stat. § 626.9541 — 626.9541(1)(o), Charges beyond the premium
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