Florida State Laws- Personal Lines Best Exam Questions With 100% Sure Answers

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