Department of Financial Services
What is the purpose of the department?
The purpose of the Florida Department of Financial Services is to safeguard the integrity of the transactions entrusted to the department and to ensure that every program within the department delivers value to the citizens of Florida by continually improving the efficiency and cost effectiveness of internal management processes and regularly validating the value equation with customers.
What activities are performed by the department?
The department's activities include the following.
- Accounting and Auditing promotes financial accountability for public funds throughout state government, provides comprehensive information regarding how state funds are expended, and manages payroll services for state employees.
- Administration oversees administrative supports for the department including human resources, purchasing and contracts, emergency management and safety, mail and printing services, and property and facility management.
- Consumer Services provides education, information, and assistance to consumers for products or services regulated by the department or the Financial Services Commission, and serves as a mediator between consumers and insurance companies.
- Criminal Investigations conducts investigations related to insurance, workers' compensation, and public assistance fraud; fire, arson, and explosives; and the theft or misuse of state funds.
- Funeral, Cemetery, and Consumer Services licenses individuals and entities in the death care industry, regulates the activities of licensees, and provides information regarding the death care industry.
- Insurance Agent and Agency Services licenses individuals and entities authorized to transact insurance in Florida and investigates alleged violations of the Florida Insurance Code.
- Public Assistance Fraud investigates allegations of fraud and abuse of state-administered public assistance programs including cash/TANF, SNAP, and Medicaid programs.
- Rehabilitation and Liquidation acts as the court-appointed receiver for insurers placed in receivership, takes actions necessary to correct the conditions that necessitated the receivership, and maximizes the value of the assets of the liquidated company.
- Risk Management ensures that participating state agencies are provided quality workers’ compensation, liability, federal civil rights, and property insurance coverage at reasonable rates, and provides loss prevention services to state agencies and universities for managing risk.
- State Fire Marshal protects life, property, and the environment from the devastation of fire, and approves Florida's firefighter training curricula, provides training to emergency services providers, and certifies fire service members.
- Treasury ensures that state and local funds, deferred compensation contributions, and cash and other assets held for safekeeping by the Chief Financial Officer are accurately accounted for, completely invested, and protected.
- Unclaimed Property protects the rights of property owners by taking custody of and safeguarding lost, abandoned, and unknown assets, and returning them to the rightful owners or heirs.
- Workers' Compensation assists injured workers, employers, health care providers, and insurers in following the Florida workers’ compensation rules and laws, and ensures that businesses have coverage in place for employees.
How are these activities funded?
The funding information listed below is provided by Transparency Florida. Please contact the department for more information on its funding. Additional information about department funding and activities is available on the State of Florida Fiscal Portal.
| Fund | Dollars | Positions | |
|---|---|---|---|
| FINANCIAL SERVICES, DEPARTMENT OF | |||
| PROGRAM: FINANCIAL ACCOUNTABILITY FOR PUBLIC FUNDS | |||
| FLORIDA PLANNING ACCOUNTING AND LEDGER MANAGEMENT |
72,323,194
|
91.00 |
|
| RECOVERY AND RETURN OF UNCLAIMED PROPERTY |
7,826,947
|
65.00 |
|
| STATE FINANCIAL INFORMATION AND STATE AGENCY ACCOUNTING |
32,377,798
|
163.00 |
|
| PROGRAM: FINANCIAL SERVICES COMMISSION | |||
| OFFICE OF FINANCIAL REGULATION | |||
| EXECUTIVE DIRECTION AND SUPPORT SERVICES |
13,863,597
|
21.00 |
|
| FINANCE REGULATION |
14,232,804
|
90.00 |
|
| FINANCIAL INVESTIGATIONS |
5,010,215
|
40.00 |
|
| LEGAL SERVICES |
4,579,824
|
34.00 |
|
| SAFETY AND SOUNDNESS OF STATE BANKING SYSTEM |
14,419,654
|
94.00 |
|
| SECURITIES REGULATION |
9,988,253
|
74.00 |
|
| OFFICE OF INSURANCE REGULATION | |||
| COMPLIANCE AND ENFORCEMENT - INSURANCE |
54,414,793
|
280.00 |
|
| EXECUTIVE DIRECTION AND SUPPORT SERVICES |
4,972,755
|
34.00 |
|
| PROGRAM: FIRE MARSHAL | |||
| COMPLIANCE AND ENFORCEMENT |
7,054,396
|
65.00 |
|
| FIRE MARSHAL ADMINISTRATIVE AND SUPPORT SERVICES |
83,320,763
|
20.00 |
|
| PROFESSIONAL TRAINING AND STANDARDS |
15,495,456
|
25.00 |
|
| PROGRAM: INVESTIGATIVE AND FORENSIC SERVICES | |||
| FIRE AND ARSON INVESTIGATIONS |
23,660,420
|
136.00 |
|
| FORENSIC SERVICES |
1,624,666
|
9.00 |
|
| INSURANCE FRAUD |
37,525,464
|
213.00 |
|
| OFFICE OF FISCAL INTEGRITY |
1,169,426
|
10.00 |
|
| PUBLIC ASSISTANCE FRAUD |
8,640,373
|
79.00 |
|
| PROGRAM: LICENSING AND CONSUMER PROTECTION | |||
| CONSUMER ASSISTANCE |
19,328,248
|
115.00 |
|
| FUNERAL AND CEMETERY SERVICES |
3,170,404
|
27.00 |
|
| INSURANCE COMPANY REHABILITATION AND LIQUIDATION |
4,157,456
|
1.00 |
|
| LICENSURE, SALES APPOINTMENT AND OVERSIGHT |
12,697,359
|
114.00 |
|
| PROGRAM: OFFICE OF CHIEF FINANCIAL OFFICER AND ADMINISTRATION | |||
| CONSUMER ADVOCATE |
1,058,595
|
5.00 |
|
| EXECUTIVE DIRECTION AND SUPPORT SERVICES |
553,387,452
|
132.00 |
|
| INFORMATION TECHNOLOGY |
36,047,222
|
104.00 |
|
| INFORMATION TECHNOLOGY - FLAIR INFRASTRUCTURE |
21,307,761
|
57.00 |
|
| LEGAL SERVICES |
24,034,905
|
87.00 |
|
| PROGRAM: STATE PROPERTY AND CASUALTY CLAIMS | |||
| STATE SELF-INSURED CLAIMS ADJUSTMENT |
101,772,631
|
116.00 |
|
| PROGRAM: TREASURY | |||
| DEPOSIT SECURITY |
3,236,298
|
20.00 |
|
| STATE FUNDS MANAGEMENT AND INVESTMENT |
5,884,385
|
25.50 |
|
| SUPPLEMENTAL RETIREMENT PLAN |
2,208,243
|
12.00 |
|
| PROGRAM: WORKERS' COMPENSATION | |||
| WORKERS' COMPENSATION |
36,983,317
|
276.00 |
|
TOTAL |
1,237,775,074 |
2,634.50 |
Where can I find information on the department's performance?
Additional Resources
OPPAGA Reports and Presentations
A complete list of OPPAGA reports and presentations is available on our website.
Other Reports
Florida Department of Financial Services, Audits and Reports
Florida Department of Financial Services, Consumer Guides
Florida Department of Financial Services, Workers' Compensation Reports
Division of Rehabilitation and Liquidation 2023-2024 Annual Report, Florida Department of Financial Services, 2024
Division of Risk Management Fiscal Year 2024 Annual Report, Florida Department of Financial Services, 2024
Division of State Fire Marshal 2023 Annual Report, Florida Department of Financial Services, 2023
Division of Treasury Annual Report 2022, Florida Department of Financial Services, 2023
A complete list of Auditor General reports is available on its website.
Websites of Interest
Florida Insurance Council
Government Finance Officers Association
Applicable Statutes
Department Contact Information
Florida Department of Financial Services Contact Website
Florida Department of Financial Services
200 East Gaines Street
Tallahassee, Florida 32399-0322
(850) 413-3089
Website