State RegulationsFL specificDifficulty 1/5
Under current Florida law, what is the maximum administrative fine for a single nonwillful unfair trade practice violation by an agent?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
Under Fla. Stat. 626.9521, a nonwillful unfair trade practice violation is punishable by a fine of up to $12,500 per violation, while a willful violation may draw up to $100,000; chapter 2023-172 raised these from $5,000/$40,000 to $12,500/$100,000. The DFS applies these current amounts in enforcement, and insurers face higher same-action aggregate caps.
Why the other options are wrong
- A) $5,000 was the pre-2023 nonwillful maximum; ch. 2023-172 raised it to $12,500.
- B) $100,000 is the current maximum for a willful violation, not a nonwillful one.
- D) $50,000 is the aggregate cap against an insurer for the same action, not the agent's per-violation fine.
Memory hook
Nonwillful $12,500, willful $100,000 - the 2023 numbers, not the old $5,000/$40,000.