State RegulationsFL specificDifficulty 2/5
An agent faces a DFS administrative action for mishandling premiums, and prosecutors have also charged the same conduct. Which statement is correct?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Under Chapter 626, Florida Statutes, administrative actions by the Department of Financial Services against a licensee, such as suspension or revocation after notice and a hearing, are separate from any criminal prosecution for the same conduct. Each proceeding applies its own standards, and the outcome of one does not control the other.
Why the other options are wrong
- B) Administrative agencies cannot impose jail; sentences come only from criminal courts.
- C) DFS may pursue administrative discipline even when prosecutors decline criminal charges, since the standards differ.
- D) The Department of Financial Services is precisely the agency that disciplines agent licensees.
Memory hook
Two tracks: DFS discipline and criminal court.