Section 69B-235.003 - Sale of Certificates of Deposit(1) Activities of licensed general lines and life insurance agents authorized by Section 517.12(21), F.S., are considered activities under the agents' licenses for purposes of Sections 626.611 and 626.621, F.S.(2) In determining whether an agent has been a source of injury or loss to the public within the meaning of Section 626.621(6), F.S., the Office will consider the facts applicable to each transaction. (a) Conduct determined by the Office of Financial Regulation to violate Sections 517.301 and 517.311, F.S., constitutes conduct that is a source of injury or loss to the public within the meaning of Section 626.621(6), F.S.(b) The Office will apply the standards established in Chapter 626, Part IX, F.S., against engaging in unfair methods of competition or in unfair or deceptive acts or practices in the conduct of business under an agent's license, to agent transactions authorized under Section 517.12(21), F.S.Fla. Admin. Code Ann. R. 69B-235.003
Rulemaking Authority 624.308(1) FS. Law Implemented 517.12, 624.307(1), 626.611, 626.621 FS.
New 1-16-03 Formerly 4-235.003, Amended by Florida Register Volume 41, Number 037, February 24 effective 3/10/2015.New 1-16-03 Formerly 4-235.003, Amended 3-10-15.