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CFO Sink on Governor’s Signing of No-fault Reform Legislation

10/11/2007

CONTACT: Tara Klimek 
(850) 413-2842     
 
TALLAHASSEE – Today, Governor Charlie Crist signed into law HB 13C, which makes crucial reforms to Florida’s Motor Vehicle No-Fault Law. 
 
Chief Financial Officer Alex Sink offered the following statement:
 
“I applaud Governor Crist and our legislative leaders for their success in reforming Florida’s Motor Vehicle No-Fault Law.  Today’s reforms will better protect Florida drivers, institute cost controls and strengthen our anti-fraud efforts.  While the new law will benefit consumers, the reforms will not be in effect before January 2008.  During the next two months, I encourage every Floridian to contact their insurance agent or company to ensure they have sufficient coverage to protect themselves and their assets.”
 
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.