Case Notes
According to the State of Florida Division of Agent and Agency Services the following were actual cases. (Note: All administrative investigations are subject to referral to the Division of Insurance Fraud for criminal investigation.)
Case: An investigation of a title insurance agent alleged that she misappropriated escrow funds, failed to remit premiums due to an insurer and failed to disperse funds in accordance with HUD-1 Settlement Statement.
Disposition: License revoked and permanently banned from the insurance industry
Case: An investigation of a title insurance agency alleged that an officer overcharged for a recording fee, charged separate line items that were part of the closing fee, failed to reconcile the escrow account, failed to maintain proper records, and failed to provide a current business license to the Department.
Disposition: License surrendered for 24 months.
Case: An investigation of a title insurance agent alleged that she misappropriated escrow funds, failed to remit premiums due to an insurer and failed to disperse funds in accordance with HUD-1 Settlement Statement.
Disposition: License revoked and permanently banned from the insurance industry
Case: An investigation of a title insurance agency alleged that an officer overcharged for a recording fee, charged separate line items that were part of the closing fee, failed to reconcile the escrow account, failed to maintain proper records, and failed to provide a current business license to the Department.
Disposition: License surrendered for 24 months.
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