Florida Statutes, Rules, and Regulations Common to All Lines
A beneficiary believes a relative's Florida life proceeds were never claimed. Which body holds unclaimed property in Florida?
Answer and explanation
Answer: D. Unclaimed property is among the general duties and powers of the Department of Financial Services, which section 20.121(1) places under the Chief Financial Officer, and section 717.107 governs when life insurance funds are presumed unclaimed. The two offices regulate insurers and financial institutions respectively, and the Commission oversees them.Source: Fla. Stat. § 717.107 — 717.107 read with 20.121(1)
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