Never had this issue before today and thought someone else might benefit from my search. It was quite puzzling because I had not disturbed any wiring to cause a short. Fluid was within specs. Brakes seemed to work as they should and parking brake was better than ever, of course. Thought it was simple maintenance...
Rig:
2003 Jeep Rubicon, no ABS
Symptoms:
Dash brake warning light illuminated, blinking and audible warning beep when moving. ANNOYING!
History:
Completed some preventative maintenance/cleaning/adjusting on the rear parking brake mechanism. Processed involved removal of rear calipers from rotors necessitating slight compression of each caliper piston (fluid being forced backward through system).
Solution:
Checked parking brake lever switch with test light = Pass
Checked parking brake lever circuit with test light = Fail/closed circuit
Checked combination (proportioning) block/valve switch = Pass
Checked combination block/valve shuttle = Fail/out of alignment
Corrected shuttle position with small pick and re-installed switch. All back to normal!
Note: removal of the proportioning block switch does not cause fluid loss.
Credit to Jeep Forum for the information!