What is the primary role of the Florida Department of Financial Services?

The primary role of the Florida Department of Financial Services is to oversee and regulate the insurance industry in Florida. This involves ensuring that insurance companies operate in compliance with state laws and regulations, safeguarding consumer interests, and maintaining the financial integrity of the insurance market. The department conducts examinations of insurance companies, investigates consumer complaints, and enforces laws that protect policyholders.

While other functions, such as promoting financial education or providing assistance to policyholders, may be activities related to the department, they do not define its core mission. The primary focus is indeed on regulation and oversight, which is central to maintaining trust and stability in Florida's insurance sector.