Florida Statutes, Rules, and Regulations Common to All Lines
A Florida policyholder cannot get an answer from an insurer and wants state help. Which body assists consumers directly?
Answer and explanation
Answer: B. Consumer services sits within the Department of Financial Services, which section 20.121(1) places under the Chief Financial Officer, and the Florida exam outline lists consumer services among the Department's general duties and powers. The Office of Insurance Regulation regulates the insurer itself, Financial Regulation covers banks and securities, and the Commission supervises the two offices.Source: Fla. Stat. § 20.121 — 20.121(1), Department functions
More florida statutes, rules, and regulations common to all lines questions
- An insurer is authorized in Florida for property lines but not for life. An agent places life coverage with it. What does section 626.901 say?
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- An insurer organized under the laws of Bermuda seeks to write business in Florida. How does Florida classify it?
- An insurer suspects an appointee's conduct falls short of good moral character but files the appointment anyway. What does section 626.451 require?
- An insurer's certificate of authority is suspended while it continues to service policies already in force. What is its status during the suspension?
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589 Florida questions like this one.
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