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.

Public Records of Insurers.The 2020 Legislature enacted House Bill 1409, to provide a public records exemption for the personal financial and health information of insurance consumers, along with sensitive underwriting, personnel, payroll, and consumer claim information related to insolvent insurers.

Insurance Administration. The 2020 Legislature enacted Senate Bill 1606, which requires authorized insurers to file with the Department of Financial Services the name and e-mail address of the person who will receive civil remedy notices and requires the Department to provide civil remedy notices to the designated email address.  It also changes the amount of time the applicable statute of limitations for statutory bad faith actions is tolled pursuant to the civil remedy notice, from 65 days after mailing of the notice to 60 days after the insurer receives the notice.
 

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 Consumer 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
Performance measures and standards for the department may be found in its Long Range Program Plan.

Section 20.121(3), Florida Statutes.

Office of Financial Regulation
850-487-9687
 
Office of Insurance Regulation
850-413-3140


Website