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CFO Sink Applauds Florida Legislature for Increasing Protections for Florida’s Military from Deceptive Insurance Practices

5/2/2007

CONTACT: 
Tara Klimek or Brannon Jordan
(850) 413-2842  
 
TALLAHASSEE –The Florida Legislature today passed House Bill 1381, which allows the Department of Financial Services and the Financial Services Commission to adopt formal rules that increase protections against deceptive insurance practices for military service men and women.
 
Expressing her appreciation for passing one of her legislative priorities, Florida Chief Financial Officer Alex Sink issued the following statement:
 
“Today, the Legislature showed its deep appreciation for the many sacrifices made by Florida’s service men and women by ensuring they and their families are protected from misleading sales practices, unnecessary life insurance policies, and misrepresented products.  As Chief Financial Officer, I will work to adopt the strongest possible protections for Florida’s military men and women, who deserve to receive only the best financial services and products.”
 
Sponsored by State Representative Garrett Richter (R-76), HB1381 now heads to Governor Charlie Crist for his signature.  State Senators Dave Aronberg (D-27) and Don Gaetz (R-4) sponsored the Senate companion, SB 2702.
 
As a statewide elected officer of the Florida Cabinet, Chief Financial Officer Alex Sink  oversees the Department of Financial Services, a multi-division state agency responsible for management of state funds and unclaimed property, assisting consumers who request information and help related to financial services, and investigating financial fraud. CFO Sink also serves as the State Fire Marshal.