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

The primary goal of the Florida Department of Financial Services is to regulate the insurance industry and protect consumers. This regulatory body is responsible for ensuring that insurance companies operate fairly and transparently while providing necessary protections to consumers. By overseeing the activities of insurers, the Department helps maintain the integrity of the insurance market, ensures compliance with state laws, and fosters a competitive marketplace that ultimately benefits policyholders.

While facilitating the sale of insurance policies is an important aspect of the market, it is part of a broader regulatory framework aimed at safeguarding consumer interests. Conducting research on financial services, although valuable, does not capture the essence of the Department's primary mission. Providing insurance for governmental properties is a specific function that does not reflect the overarching goal of consumer protection in the regulatory landscape of insurance in Florida.