TALLAHASSEE, Fla. - Today, Florida Chief Financial Officer (CFO) Jimmy Patronis issued the following statement on the Senate Appropriations Subcommittee on Agriculture, Environment, and General Government’s favorable hearing of Senate Bill 1874, Department of Financial Services, sponsored by Senator Boyd. Senate Bill 1874 will require insurance agencies to proactively disclose to policyholders that they’re closing their business; will force public adjusters to notify consumers if they want to capture additional living expenses; and reduces workers’ comp penalties for small businesses. The bill moves next to the Senate Appropriations Committee.

CFO Jimmy Patronis said, “Every year as CFO, I’ve been committed to protecting consumers, cracking down on fraud, and helping our small businesses. This year’s agency package aims to protect policyholders by ensuring insurance agencies and public adjusters are up front and transparent with consumers. Additionally, this package supports small businesses by reducing workers’ comp penalties. Special thank you to Senator Boyd for sponsoring the DFS agency package in the Senate and to Representative LaMarca for being the House sponsor. I look forward to continuing to work with you both to make sure this good bill gets across the finish line.”

To view CFO Patronis’s 2022 “Born Free” Legislative Priorities, click HERE.

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About CFO Jimmy Patronis 
Chief Financial Officer and State Fire Marshal Jimmy Patronis is a statewide elected official and a member of Florida’s Cabinet who oversees the Department of Financial Services. CFO Patronis works each day to fight insurance fraud, support Florida’s firefighters, and ensure the state’s finances are stable to support economic growth in the state. Follow the activities of the Department on Facebook (FLDFS) and X (@FLDFS).