FLORIDA STATUES,RULES AND REGULATIONS
COMMON TO ALL LINES (4)EXAM 130
QUESTIONS AND CORRECT ANSWERS LATEST
2023-2024
Terms in this set (67)
, * Florida Statue 20.121 defines the head of the
Department of Financial Services as the Chief Financial
Officer (CFO)
* F.S. 20.121 Department of Financial Services - There is
created a Department of Financial Services
(1) DEPARTMENT HEAD: The head of the Department of
Financial Services is the Chief Financial Officer who may
also be known as the Treasurer
I. FLORIDA STATUES,
RULES, AND
Below is a description of the CFO and his responsibilities:
REGULATIONS COMMON
TO ALL LINES:
* Elected and member of Governor's Cabinet
A. Financial Services
* Head of the Department of Financial Services
Regulation:
* Oversees 15 Divisions and Offices:
CHIEF FINANCIAL
- His Role in Regulating Insurance is through:
OFFICER, FINANCIAL
* Division of Rehabilitation and Liquidation
SERVICES COMMISSION,
* Division of Accounting and Auditing
OFFICE OF FINANCIAL
* Division of Agents and Agency Services - (Regulation
REGULATION (OFR),
of Agents)
OFFICE OF INSURANCE
* A Division of Insurance Fraud - (Regulation of
REGULATION:
Insurance Fraud)
* A Division of Consumer Services - (Regulation of
Chief Financial Officer
Consumer Protection)
* Office of the Insurance Consumer Advocate
* The following are responsible for Administering the
Insurance Laws of Florida:
- CFO
- Financial Services Commission
- Commissioner of the Office of Insurance Regulation
,I. FLORIDA STATUES, * Is composed of:
RULES, AND - Governor
REGULATIONS COMMON - CFO - (Chief Financial Officer)
TO ALL LINES: - Attorney General
- Commissioner of Agriculture
A. Financial Services
Regulation: * Supervises the Office of Insurance Regulation and
Office of Financial Regulation
CHIEF FINANCIAL
OFFICER, FINANCIAL
SERVICES COMMISSION,
OFFICE OF FINANCIAL
REGULATION (OFR),
OFFICE OF INSURANCE
REGULATION:
Financial Services
Commission
I. FLORIDA STATUES, * Includes Bureau of Financial Investigations
RULES, AND
REGULATIONS COMMON * Head of Office:
TO ALL LINES: - Director or Commissioner of Financial Regulation
A. Financial Services * Duties:
Regulation: - Responsible for activities of Financial Service
Commission relating to:
CHIEF FINANCIAL * Banks
OFFICER, FINANCIAL * Credit Unions
SERVICES COMMISSION, * Other Financial Institutions
OFFICE OF FINANCIAL * Finance Companies
REGULATION (OFR), * Securities Industry
OFFICE OF INSURANCE
REGULATION: - Investigate Suspected Wrongdoing:
* Inside and Outside of Florida
Office of Financial
Regulation (OFR)
, I. FLORIDA STATUES, * Head of Office:
RULES, AND - Director or Commissioner of Insurance Regulation
REGULATIONS COMMON
TO ALL LINES: * Regulates Insurers and other Risk-Bearing Entities
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