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The Financial Services Commission (FSC) is composed of the Florida governor, chief financial officer, attorney general, and commissioner of agriculture. The FSC serves as agency head for purposes of rulemaking pursuant to sections 120.536-120.565, Florida Statutes. FSC action is taken by majority vote. In case of a tie, the governor's side ...
Florida Department of Financial Services. Florida Department of Financial Services (FLDFS) is a state agency of Florida. Its headquarters are in Tallahassee. [1] In 2002 the Florida Legislature merged the Department of Insurance, Treasury and State Fire Marshal and the Department of Banking and Finance into one department, the Florida ...
Following reforms made to the Florida Cabinet, certified to the Florida Constitution in 1998 and enacted in 2003, the office of Treasurer, Insurance Commissioner and Fire Marshal was merged with that of Comptroller, forming the Department of Financial Services controlled by the Chief Financial Officer of Florida. Gallagher was elected to the ...
A 2021 analysis by then-Florida Insurance Commissioner David Altmaier found that Florida made up 8% of the nation’s homeowners’ claims in 2019, but 76% of its lawsuits. Although critics note ...
The most visible responsibility of the officeholder was as Insurance Commissioner. Following the Cabinet reform, the office was merged with that of the state Comptroller to create the new office of Chief Financial Officer of Florida, which oversees the Florida Department of Financial Services. The new department contains many of the functions ...
The average cost of a home insurance policy in Florida is $3,340 per year, ... Florida’s homestead law acts as a financial fortress for homeowners. ... Florida Department of Revenue. Accessed ...
Under the reforms adopted, the secretary of state and education commissioner became appointed officials under the governor who would oversee their respective agencies, while the positions of the comptroller and the treasurer/insurance commissioner/fire marshal were combined into the new position of the chief financial officer of Florida.
An insurance commissioner (or commissioner of insurance) is a public official in the executive branch of a state or territory in the United States who, along with their office, regulate the insurance industry. The powers granted to the office of an insurance commissioner differ in each state. The office of an insurance commissioner is ...