Florida Statutes, Rules, and Regulations Exam with 100% Correct Answers

Florida Statutes, Rules, and Regulations Exam with 100% Correct Answers Financial Services Regulation - Answer ️️ -Key Function: provides regulatory oversight for Florida's financial services providers. Mission: to protect the citizens of Florida, promote a safe and sound financial marketplace, and contribute to the growth of Florida's economy with smart, efficient and effective regulation of the financial services industry. Chief Financial Officer - Answer ️️ -An elected official. Is the head of the Department of Financial Services (DFS). Financial Services Commission - Answer ️️ -: responsible for final approval of rules developed by each office. All regulatory decisions are vested with the offices. (a) Office of Financial Regulation (OFR) - regulates the banking, finance and securities industries in Florida. (b) Office of Insurance Regulation (OIR) - regulates insurance companies. Members: - Governor - Attorney General - Chief Financial Officer - Commissioner of Agriculture Office of Financial Regulation - Answer ️️ -In charge of examining insurance company financials (books and records) and approving companies to do business in the state. The issue a Certificate of Authority to an insurance carrier. Department of Financial Services - Answer ️️ --Approves issue of licenses to agents - Regulates insurance claims