Recommended by the Constitutional Revision Commission, and passed into law by voters in 1998, the Florida Legislature carried out an amendment to the state's constitution by merging the Department of Insurance, Treasury, State Fire Marshal and the Department of Banking and Finance into the Department of Financial Services effective January 2003.
The Department is made up of 13 divisions, several specialized offices and 2,000 employees providing the most efficient and effective help for you. Get detailed information and links to each Divisions' web page below.
Functional units required for the CFO to fulfill statutorily defined obligations
These days, dealing with daily financial pressures can seem overwhelming to most Florida families. Learning how to make good financial decisions can protect your hard-earned dollars and allow you the freedom to do more of what you love. Whether you are starting a new career, buying your first home, or just trying to put gas in your tank, I want you to know that as your CFO, I am committed to ensuring you have the tools you need to build a strong financial future.
As CFO, I oversee the Florida Department of Financial Services (DFS). My department serves consumers and taxpayers through its work in 13 different divisions and additional initiatives I set forth. A world of information and assistance is provided by the department on issues ranging from insurance education and assistance, fire prevention and safety, and even unclaimed cash and property. I have also established additional priorities to assist Floridians including fighting fraud, consumer protection and fiscal transparency.
One of the 13 divisions I oversee, the Division of Consumer Services, helps consumers make informed insurance and financial decisions. My dedicated and experienced staff members are continuously trained and informed about any changes that occur in 26 different categories of insurance. Consumers can contact a specialist directly by telephone between the hours of 8 a.m. to 5 p.m. at the statewide, toll-free number 1-877-MY-FL-CFO (693-5236). Consumers can also visit www.MyFloridaCFO.com for 24-hour access to our online insurance library, consumer guides, a calendar of free consumer workshops offered around the state, or to ask a question of an insurance specialist. Other items available include:
Additionally, I oversee the Division of Investigative and Forensic Services, a sworn law enforcement agency that serves and safeguards citizens and businesses in Florida against acts of insurance fraud, acts of arson, workers' compensation fraud, financial crime and provides forensic services for law enforcement. Our investigators are certified law enforcement officers with the authority to enforce the criminal laws of Florida in relation to insurance transactions, arson and financial investigations, to protect from the resulting impact these crimes have on taxpayers, both personally and financially.
Florida's Bureau of Insurance Fraud leads the nation in the recovery of insurance fraud-related losses through court-ordered restitution. If you or someone you know has been the victim of insurance fraud, please visit our website at www.MyFloridaCFO.com or call our Fraud Hotline at 1-800-378-0445.
Individuals who provide tips can remain anonymous and are eligible for a reward of up to $25,000 for information that directly leads to an arrest and conviction in an insurance fraud scheme. The Department of Financial Services has awarded more than $365,000 to 63 citizens as part of its Anti-Fraud Reward Program.
My department further serves and protects Floridians by ensuring state dollars are spent according to state law, licensing and regulating insurance agents and agencies, ensuring employers provide workers' compensation coverage as required by law, regulating funeral homes and cemeteries, and rooting out public assistance fraud. To find out if the Department's Division of Unclaimed Property is holding unclaimed cash or property for you, call 1-888-258-2253 or visit www.FLTreasureHunt.gov.
I hope you have learned more about my office and the many ways we serve you everyday. I invite you to visit our website at www.MyFloridaCFO.com to learn more. Rest assured that I am committed to serving you by keeping your hard-earned money in your pocket, where it belongs.
Chief Financial Officer Jimmy Patronis, a statewide official, oversees the Department of Financial Services and serves as the State Fire Marshal.
CFO Patronis' priorities include fighting financial fraud, abuse and waste in government, reducing government spending and regulatory burdens that chase away businesses, and providing transparency and accountability in spending.