Building Code Administrators and Inspectors Florida Principle and Practice Licensure Practice Exam

What is the minimum punishment for making a false statement of insurance coverage on the third offense?

1. $2,500

2. $2,500 fine and probation or suspension

3. $5,000 fine

4. $5,000 fine and probation or suspension

The correct answer is: $5,000 fine and probation or suspension

The minimum punishment for making a false statement of insurance coverage on the third offense is a fine of $5,000 along with the possibility of probation or suspension. This measure is in alignment with the penalties designed to deter fraudulent activities related to insurance claims and coverage. By imposing a substantial fine on repeated offenses, it underscores the seriousness of providing false information in matters that can significantly impact the integrity of the insurance system. The addition of probation or suspension reflects the intent to monitor the offender’s behavior and to promote compliance with legal standards moving forward. This multi-faceted approach not only serves as a punitive measure but also aims to rehabilitate the offender by encouraging adherence to the law in the future. The emphasis on fines and probation or suspension in this context indicates a structured response to repeated infractions, highlighting the importance of maintaining honesty within the insurance process.