69O-196.038. Limit on Additional $20 Service Charge

(1) The additional $20 charge referred to in section 627.840(3)(b), F.S., may be charged only once in a 12-month period for any one customer regardless of the number of premium finance agreements entered into during the 12-month period or the number of policies financed in each finance agreement. (2) The only exception to the limitation on the additional charge is in instances where a customer’s finance contract has been cancelled due to nonpayment within the immediately preceding 12-month period. In such instances, a company may collect the additional charge again if it refinances the customer’s policy during the same 12-month period.