Florida Statutes, Rules, and Regulations Common to All Lines
To win a Florida sale, an agent quietly charges an applicant less than the filed premium and absorbs the difference. Is that within section 626.9541(1)(o)?
Answer and explanation
Answer: C. Section 626.9541(1)(o) reaches knowingly collecting any sum in excess of or less than the premium applicable to the insurance, so undercharging is covered as squarely as overcharging. Absence of consumer loss does not remove the conduct from the provision, and the shortfall is not measured against commission.Source: Fla. Stat. § 626.9541 — 626.9541(1)(o), Collecting less than the premium
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