Which of the following is NOT a consequence of placing business with an unauthorized insurer?

Placing business with an unauthorized insurer indeed carries several serious ramifications. Among these consequences, the possibility of a loss of commission is significant, as agents and brokers typically would not receive compensation for policies written with insurers that are not authorized to operate in Florida. Additionally, there are potential fines imposed by regulatory authorities to deter such actions, which could financially impact an agent or a company that chooses to do so. Furthermore, engaging in business with unauthorized insurers can lead to the loss of one's licensure, as maintaining compliance with state regulations is a crucial part of being a licensed insurance professional.

The classification of such conduct as a first degree misdemeanor is not typically associated with the act of placing business with unauthorized insurers. While it is essential to adhere to insurance regulations, the specific legal consequences associated with this behavior do not include criminal charges of that nature. Instead, regulatory measures and administrative penalties are more common for these offenses, distinguishing them from criminal implications. Thus, the correct answer reflects the understanding that not every unauthorized action results in criminal classification.