Agents should routinely verify the licensure of the companies for which they're selling.
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The road to personal injury protection (PIP) reform has been a long and challenging one. This Legislative Session our leaders came together to pass real solutions to our state's ever-growing PIP fraud problem. When I took office as Florida's CFO, I made a commitment to do all I could to go after the enterprising industries cheating Floridians out of their hard-earned dollars. With the passage of this bill, I know we have gone a long way in fulfilling that promise. I applaud the Florida Legislature for passing needed reforms and I am eager to start seeing the positive impacts of this bill.
Last fall, I initiated a thorough review of regulations in place at the Department of Financial Services. The initial review indentified burdensome, unnecessary or redundant regulation within this division. This Legislative Session we successfully passed a bill that reduces some of these regulations by consolidating 49 license types into just seven master categories. I look forward to these bills becoming law so that we can ensure a better, more streamlined system that allows each of you to conduct business more effectively.
We accomplished a lot this year and I look forward to hearing your valuable feedback on how we can better serve you.
Chief Financial Officer
State of Florida