The department fights financial fraud, waste and abuse in Florida; audits the state’s payments; and works to make government’s finances transparent. Under the CFO’s direction, the department also oversees the investment of funds held in the State Treasury.
What are the duties of the Department of Financial Services?
The Statutory responsibilities of the Department of Financial Services include: Carrying out the state’s accounting and auditing functions, including preparing the state’s Comprehensive Annual Financial Report; monitoring state contracts; and making payment for state expenditures.
Why did I receive a check from State of Florida Department of Financial Services?
Consumers have received fraudulent checks that are made to appear as if they have been issued by the Florida Department of Financial Services. In some cases, checks appear to be signed with a forged signature of the Chief Financial Officer. Consumers beware there is a new telephone scam making headlines this year.
What are the 13 divisions of the Department of Financial Services in Florida?
Organization Accounting and Auditing Division. Administration Division. Consumer Services Division. Funeral, Cemetery, & Consumer Services Division. Information Systems Division. Insurance Agent and Agency Services Division. Insurance Fraud Division. Legal Services Division.
What does the Florida Division of Financial Institutions do?
The Division of Financial Institutions conducts periodic risk-based examinations and ensures that each state-chartered financial institution meets state and federal requirements for safety and soundness. The division is organized into a Bureau of Bank Regulation and a Bureau of Credit Union Regulation.
What is the importance of financial department?
The finance department of a business is responsible for managing the finances of the business. This includes the preparation of balance sheets, cash flow reports, financial statements, record keeping and reporting. It also includes managing the payroll and accounts of the business.
Who is in charge of the Florida Department of Financial Services?
Chief Financial Officer Jimmy Patronis, a statewide official, oversees the Department of Financial Services and serves as the State Fire Marshal.
What are the two office of the Florida Department of Financial Services?
The Division of Administration is responsible for providing administrative support to the Department of Financial Services, Office of Financial Regulation and Office of Insurance Regulation.
Does FL Dept of Revenue call you?
The FL DOR now uses an automated calling system to call taxpayers when the DOR thinks taxpayers are delinquent on tax returns, late on payments, haven’t filed some obscure form, or checked the right box on an online tax application.
What is the Florida Department of Financial Services site for information?
“MyProfile” is your interface with the Florida Department of Financial Services’ Division of Insurance Agent and Agency Services. Your account shows your licensing and compliance information at your convenience.
What is Florida’s chief financial officer responsible for?
The CFO oversees the Florida Department of Financial Services. The department provides accounting and auditing services to state agencies, acts as the state’s bank by disbursing and receiving funds into the treasury, and performs other financial duties.
What is the name of the person in charge of the Department of Financial Services?
Responsibilities. The Economic Secretary (EST) is the City Minister responsible for financial services, including: banking and financial services reform and regulation. financial stability, including relationship with the PRA.
Which system does the Department of Financial Services use to accept appointments?
Industry Portal. Welcome to the Florida Department of Financial Services Electronic Appointment System (eAppoint). Here, you can send appointment-related submissions to the Department.
Who is responsible for overseeing MLOS in FL?
Terms in this set (100) What is the regulatory authority in the state of Florida and what is it responsible for? The OFR ( The Office of Financial Regulation) AKA The Office.
Who oversees banks in FL?
The Office of Financial Regulation (OFR) is responsible for supervising state-chartered banks, credit unions, savings associations, and international bank agencies, and licenses and regulates non-depository finance companies and the securities industry.
Do I need a license to lend money in Florida?
A person may loan money to others, when the per annum percentage rate does not exceed 18 percent, without having a consumer finance license. If a mortgage is placed against real property, as collateral for such a loan, a person may need to be licensed as a mortgage lender pursuant to Chapter 494, Florida Statutes.
What is the role of finance?
FINANCE is the function in a business responsible for acquiring funds for the firm, managing funds within the firm, and planning for the expenditure of funds on various assets. FINANCIAL MANAGEMENT is the job of managing a firm’s resources so it can meet its goals and objectives.
How long does it take to get unclaimed money in Florida?
The unclaimed money department in Florida is allotted up to 90 days to process your claim. If they need more documentation, it may take longer. Even if they don’t need documentation, it may take longer, not much you can do there but wait.
What can an unlicensed insurance agent do in Florida?
An unlicensed employee can perform three activities if they are incidental: Taking an application for insurance in the agent’s office, for a person who has called or come into the office. Giving a quote in the agent’s office, to a person who has called or come into the office. Receiving premium at the agent’s office.
What are the two offices of the Financial Services Commission?
The two offices within the Commission are the Office of Financial Regulation, which regulates the banking, finance and securities industries in Florida, and the Office of Insurance Regulation, which regulates insurance companies.
Who regulates insurance companies in Florida?
The Office of Insurance Regulation regulates and provides oversight for all insurance companies and insurance-related entities licensed to do business in Florida as described above.
What are the responsibilities of the Office of Insurance Regulation?
All of CDI’s functions, including overseeing insurer solvency, licensing agents and brokers, conducting market conduct reviews, resolving consumer complaints, and investigating and prosecuting insurance fraud, are to protect consumers.
Who examines the books and records of insurance companies in Florida quizlet?
The office and CFO will examine the affairs, transactions, accounts, records, and assets of each authorized insurer and of the attorney in fact of a reciprocal insurer as to its transactions affecting the insurer as often as it deems advisable. You just studied 30 terms!.
How is Florida surtax calculated?
You will have to add the surtax amount to the basic sales tax rate to find the final sales tax rate. For example, in one of the eight counties with a 1.5 percent surtax, there would be a total of 7.5 percent sales tax charged (6 percent plus 1.5 percent).
What is the phone number to the Florida Department of Revenue?
General Accessibility Contacts Program First Name Business Phone Office of the Executive Director Carla (850) 617-8347 Office of Tax Research Luz (850) 717-6472 ISP Max (850) 717-7335 Property Tax William (850) 717-6570.
What is a Florida revenue number?
Taxpayer Assistance: 850-488-6800. For assistance with Florida taxes. (Sales and Use, Reemployment, Corporate Income, Documentary Stamp, etc.).