Chief Financial Officer of Florida
In addition, the CFO has administrative oversight over the offices which handles banking and insurance regulation.FIGA has the power to levy assessments against the insurer's direct written premiums, not to exceed 2% in any calendar year.[6] The Florida Office of Insurance Regulation (FOIR) is responsible for all activities concerning insurers and other risk bearing entities, including licensing, rates, policy forms, market conduct, claims, issuance of certificates of authority, solvency, viatical settlements, premium financing, and administrative supervision, as provided under the Florida Insurance Code or Chapter 636, Florida Statutes.The head of the OIR is the Florida insurance commissioner, appointed by the Financial Services Commission (FSC).The FSC serves as agency head for purposes of rulemaking pursuant to sections 120.536-120.565, Florida Statutes.