The purpose of the Financial Services Commission is to safeguard the public by regulating the banking, securities, and insurance industries. The commission includes the Governor and Cabinet (Attorney General, Chief Financial Officer, and Commissioner of Agriculture), which appoint the officials who oversee the Offices of Financial Regulation (OFR) and Insurance Regulation (OIR). OFR regulates the banking, finance, and securities industries in Florida, and OIR regulates the state's insurance industry.

• Office of Financial Regulation has three divisions (Financial Institutions, Consumer Finance, and Securities) and one bureau (Financial Investigations) that oversee and regulate a wide-range of financial enterprises and individuals, including state-chartered banks, credit unions, mortgage loan originators, securities industry participants, consumer finance companies, money transmitters, and foreign currency exchangers.
• Office of Insurance Regulation promotes a stable and competitive insurance market for consumers. The office is responsible for all activities concerning insurers and other risk bearing entities, including licensing, rates, policy forms, market conduct, claims, issuance of certificates of authority, solvency, viatical settlements, and premium financing.

Regulatory Oversight of Property Insurers. The 2022 Legislature enacted Ch. 2022-268, Laws of Florida, which includes a number of provisions to assist insurance policyholders. In addition to creating the Reinsurance to Assist Policyholders Program, the law provides for increased insurance industry reporting and oversight by the Office of Insurance Regulation, including crating a Property Insurer Stability Unit within the OIR to aid in the detection and prevention of insurer insolvencies in the homeowners’ and condominium unit owners’ insurance market.

Other Reports
A complete list of Auditor General reports on financial regulation and insurance regulation operations are available on its website.

Websites of Interest
Office of Financial Regulation Industry Alerts
Office of Financial Regulation Consumer and Research Resources
Conference of State Bank Supervisors
Federal Trade Commission ID Theft Resource
National Association of Insurance Commissioners
National Council of Insurance Legislators
National Credit Union Administration
North American Securities Administrators Association
U.S. Securities and Exchange Commission

Performance Information