FL Statutes, Rules, & Regulations (Sect. 2, Pt. 1&2)(in progress) Exam with Complete Solutions | Verified & Updated

FL Statutes, Rules, & Regulations (Sect. 2, Pt. 1&2)(in progress) Exam with Complete Solutions | Verified & Updated Chief Financial Officer (a.k.a. the Treasurer) - Answer️️ - - responsible for administering the laws - heads the DFS Primary Responsibilities of the Department of Financial Services - Answer️️ - - issuing licenses (Agents, CSRs, Adjusters) - supervising claims activities of companies - investigate charges of unethical conduct Divisions of DFS - Answer️️ - - unclaimed property - insurance agent & agency services - consumer services Consumer Services Division of DFS - Answer️️ - receives inquiries & complaints from consumers **licensed personnel & companies have 20 days to respond to written request for information concerning a consumer complaint Financial Service Commission - Answer️️ - - composed of the Governor, CFO, Attorney General, & Commissioner of Agriculture - has two branches: - Office of Insurance Regulation (OIR) - Office of Financial Regulation (OFR) Office of Insurance Regulation (OIR) - Answer️️ - - responsible for activities of companies/carriers/risk bearing entity - issues Certificates of Authority - approves rates & reviews for compliance