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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 Department of Financial Services. [2]
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 ...
Most of the money is from dormant accounts in financial institutions, insurance and utility companies, and securities and trust holdings, according to the Florida Department of Financial Services.
In April 2014, there were 25,362 administrative rules, and eight agencies have over 1,000 rules each, of which the most heavily regulated agencies are the Department of Financial Services and Department of Health. [9] The Florida Administrative Register (FAR) is the daily publication containing proposed rules and notices of state agencies. [10]
The new department contains many of the functions of the previous offices, but has less direct control over insurance regulation than the previous office did. This was done to lessen the control of one person over financial services regulation in the state. Tom Gallagher was the last Treasurer/Insurance Commissioner/Fire Marshal and the first CFO.
Florida Division of Insurance Fraud. Badge of the Division of Insurance Fraud. Established by the legislature in 1976, The Division of Insurance Fraud is the law enforcement arm of the Department of Financial Services and is responsible for investigating insurance fraud; crimes associated with claim fraud, insurance premium fraud, workers ...
Florida State University (BS) Jimmy Theo Patronis Jr. (born April 13, 1972) is an American politician serving as the chief financial officer of the state of Florida. He was previously a member of the Florida House of Representatives representing the 6th district, which includes Panama City and other parts of southern Bay County, from 2006 to 2014.
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 ...