State RegulationsFL specificDifficulty 1/5
In Florida government, the Chief Financial Officer (CFO)
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
The Chief Financial Officer is an elected cabinet officer who heads the Department of Financial Services (DFS). Through DFS, the CFO's office supervises insurance agent and adjuster licensing and investigations, the Division of Insurance Fraud, consumer services, unclaimed property, and receivership functions, while insurer regulation belongs to the separate Office of Insurance Regulation.
Why the other options are wrong
- A) Rate filings are reviewed by the Office of Insurance Regulation, which is not part of the CFO's rate division.
- B) The Office of Financial Regulation operates under the Financial Services Commission, not under a gubernatorial appointee of the CFO.
- C) No receivership judgeship exists; a court instead appoints the Department of Financial Services as receiver in liquidation.
Memory hook
The CFO runs DFS - agents answer to the CFO.