Florida State Laws- Personal Lines Best Exam Questions With 100% Sure Answers
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Florida State Laws- Personal Lines
Institution
Florida State Laws- Personal Lines
Chief Financial Officer (CFO) - CORRECT ANSWER-The Chief Financial Officer (CFO) is an elected official and is the head of the Department of Financial
Services (DFS). The CFO directly oversees the following divisions under the DFS:
Division of Accounting and Auditing
Division of Consumer Servi...
Florida State Laws- Personal Lines Best
Exam Questions With 100% Sure
Answers
Chief Financial Officer (CFO) - CORRECT ANSWER-The Chief Financial Officer (CFO)
is an elected official and is the head of the Department of Financial
Services (DFS). The CFO directly oversees the following divisions under the DFS:
Division of Accounting and Auditing
Division of Consumer Services
Division of Insurance Agent and Agency Services
Division of Public Assistance/Insurance Fraud
Office of Consumer Advocate for Insurance
Division of Unclaimed Property
The CFO, as the head of the Department, is directly responsible for the regulation of
insurance agents. The CFO is a member of the Financial Services Commission, also
known as the Governor's Cabinet.
Financial Services Commission - CORRECT ANSWER-The Financial Services
Commission is composed of the Governor, CFO, Attorney General, and
Commissioner of Agriculture. It appoints the Commissioner of the Office of Insurance
Regulation (OIR),
which is responsible for:
Regulating the following areas of insurance industry:
□ Licensing
□ Rates
□ Policy forms
□ Market conduct
□ Claims
□ Certificates of Authority
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