![]() ![]() These two offices are administratively housed in the Department of Financial Services but report directly to the commission. The office defends the public from investment and securities fraud and protects citizens against entities that violate state laws and rules. The Office of Financial Regulation is responsible for supervising state-chartered banks, credit unions, savings associations, and international bank agencies, and licenses and regulates non-depository finance companies and the securities industry. The office protects the public by providing regulatory oversight of company solvency, policy forms and rates, market conduct performance, and new company entrants to the Florida market. The Office of Insurance Regulation has primary responsibility for regulation, compliance, and enforcement of statutes related to the business of insurance and the monitoring of industry markets. The Financial Services Commission includes the Governor and Cabinet, which appoint the officials who oversee the Office of Insurance Regulation and Office of Financial Regulation. overseeing the state's accounting and auditing functions and unclaimed property.overseeing cemeteries and funeral homes and Florida Unclaimed Property Currently, the Chief Financial Officer holds unclaimed property claimable accounts valued at 2 billion, mostly from dormant accounts in financial institutions, insurance and utility companies, securities and trust holdings.monitoring the investment of state funds and managing the deferred compensation program for state employees. ![]() licensing and overseeing insurance agents and agencies.investigating fraud, including securities and insurance fraud.ensuring that businesses have workers' compensation coverage in place for employees.The Department of Financial Services is lead by Florida's Chief Financial Officer (CFO), an elected official. The CFO is directly responsible for As a compromise to having all aspects of the financial and insurance industries regulated by appointed officials versus an elected official, these regulatory responsibilities are split between the state agency and the Financial Services Commission. ![]()
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