Florida Statutes, Rules, and Regulations Common to All Lines
An agent knowingly collects from an applicant an amount larger than the premium the filed rates produce for that coverage, and keeps the difference. Which provision does this violate?
Answer and explanation
Answer: B. Section 626.9541(1)(o) reaches knowingly collecting any sum in excess of or less than the premium applicable to the insurance. Rebating under (1)(h) involves giving the insured value not specified in the contract rather than overcharging. Sliding under (1)(z) concerns unconsented ancillary coverage rather than the premium amount itself. Unfair discrimination under (1)(g) requires a rate difference within one actuarially supportable class.Source: Fla. Stat. § 626.9541 — (1)(o), Illegal dealings in premiums
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