Florida Commissioner of Insurance Regulation
| Florida Commissioner of Insurance Regulation | |
 | |
| General information | |
| Office Type: | Nonpartisan |
| Office website: | Official Link |
| Compensation: | $195,000 |
| 2025 FY Budget: | $48,521,884 |
| Term limits: | None |
| Structure | |
| Length of term: | Unspecified |
| Authority: | Florida Statutes, 20.121 |
| Selection Method: | Appointed by the Florida Financial Services Commission |
| Current Officeholder | |
Florida Commissioner of Insurance Regulation
Michael Yaworsky | |
| Other Florida Executive Offices | |
| Governor•Lieutenant Governor•Secretary of State•Attorney General•Chief Financial Officer•Commissioner of Education•Agriculture Commissioner•Insurance Commissioner•Environmental Protection Secretary•Economic Opportunity Secretary•Public Service Commission | |
The Florida Commissioner of Insurance Regulation is a state executive position in the Florida state government. The commissioner heads the Florida Office of Insurance Regulation, which regulates the state's insurance providers. He or she is appointed by the Florida Financial Services Commission, an independent panel composed of the governor, attorney general and several other state executive officers.[1]
Current officeholder
The current Florida Commissioner of Insurance Regulation is Michael Yaworsky (nonpartisan). Yaworsky assumed office in 2023.
Authority
The office of insurance commissioner is established by state law.[2]
Florida Statutes, 20.121
|
The head of the office of Insurance Regulation is the Director of the office of Insurance Regulation, who may also be known as the Commissioner of Insurance Regulation. |
Qualifications
State law requires commissioners to have five years of private sector experience in the insurance industry, and five years of experience as a senior examiner or employee in a state or federal regulatory agency overseeing the insurance industry. Both of these five-year periods must have come immediately preceding the person's selection as commissioner.[2]
Florida Statutes, 20.121
|
Prior to appointment as director, the Director of the office of Insurance Regulation must have had, within the previous 10 years, at least 5 years of responsible private sector experience working full time in areas within the scope of the subject matter jurisdiction of the office of Insurance Regulation or at least 5 years of experience as a senior examiner or other senior employee of a state or federal agency having regulatory responsibility over insurers or Insurance agencies. |
Appointments
The commissioner is appointed by the Florida Financial Services Commission, an independent state body composed of the governor, attorney general, chief financial officer and the agriculture commissioner. State law does not prescribe any particular term length for the commissioner.[2]
Florida Statutes, 20.121
|
Prior to appointment as director, the Director of the office of Insurance Regulation must have had, within the previous 10 years, at least 5 years of responsible private sector experience working full time in areas within the scope of the subject matter jurisdiction of the office of Insurance Regulation or at least 5 years of experience as a senior examiner or other senior employee of a state or federal agency having regulatory responsibility over insurers or Insurance agencies. |
Term limits
There are no term limits associated with the office of insurance commissioner.
Vacancies
There is no particular procedure for dealing with vacancies in the office of insurance commissioner.
Duties
The commissioner of insurance regulation is the administrative head of the Office of Insurance Regulation, which licenses insurance companies operating in Florida, and regulates their rates, market conduct, claims, solvency and other business practices.[3]
Divisions
- Updated January 12, 2021
- Company Admissions
- Life and Health Financial Oversight
- Market Research and Technology
- Specialty Product Administration
- Legal Services
- Life and Health Product Review
- Property and Casualty Financial Oversight
- Communications
- Government Affairs
- Market Regulation
- Property and Casualty Product Review[4]
State budget
- See also: Florida state budget and finances
The budget for the Office of Insurance Regulation in Fiscal Year 2025 was $48,521,884.[5]
Compensation
- See also: Compensation of state executive officers
- See also: Compensation of state executive officers
The commissioner's salary is determined by law.
2023
In 2023, the officer's salary was $195,000, according to the Council of State Governments.[6]
2022
In 2022, the officer's salary was $170,980, according to the Council of State Governments.[7]
2021
In 2021, the commissioner received a salary of $170,980, according to the Council of State Governments.[8]
2020
In 2020, the insurance commissioner received a salary of $134,158, according to the Council of State Governments.[9]
2019
In 2019, the insurance commissioner received a salary of $134,158, according to the Council of State Governments.[10]
2018
In 2018, the insurance commissioner received a salary of $134,158, according to the Council of State Governments.[11]
2017
In 2017, the insurance commissioner received a salary of $134,158, according to the Council of State Governments.[12]
2016
In 2016, the insurance commissioner received a salary of $134,158, according to the Council of State Governments.[13]
2015
In 2015, the insurance commissioner received a salary of $134,158, according to the Council of State Governments.[14]
2014
In 2014, the commissioner received a salary of $133,158, according to the Council of State Governments.[15]
2013
In 2013, the commissioner received a salary of $133,158, according to the Council of State Governments.[16]
2010
In 2010, the commissioner received a salary of $133,158.
Historical officeholders
Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders; information for the Florida Commissioner of Insurance Regulation has not yet been added because the information was unavailable on the relevant state official websites, or we are currently in the process of formatting the list for this office. If you have any additional information about this office for inclusion on this section and/or page, please email us.
Recent news
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Contact info
Address:
200 E. Gaines Street
Tallahassee, FL 32399
Phone: (850) 413-3140
E-mail: [email protected]
See also
| Florida | State Executive Elections | News and Analysis |
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External links
Footnotes
- ↑ Office of Program Policy Analysis and Government Accountability, "Office of Insurance Regulation," accessed January 12, 2021
- ↑ 2.0 2.1 2.2 Florida Statutes, "20.121," accessed January 12, 2021
- ↑ Florida Office of Insurance Regulation, "Statement of Agency Organization and Operation," accessed January 12, 2021
- ↑ Florida Office of Insurance Regulation, "Business Units," accessed January 12, 2021
- ↑ Florida Senate, "SB 2500: General Appropriations Act," accessed December 6, 2023
- ↑ Council of State Governments, "Book of the States 2023 Table 4.11: Selected State Administrative Officials: Annual Salaries," accessed January 15, 2025
- ↑ Council of State Governments, "Book of the States 2022 Table 4.11: Selected State Administrative Officials: Annual Salaries," provided to Ballotpedia by CSG personnel
- ↑ Issuu, "The Book of the States 2021," accessed September 22, 2022
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2020," accessed January 12, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2019," accessed January 12, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2018," accessed January 12, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2017," accessed January 12, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2016," accessed August 27, 2016
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2015," accessed August 27, 2016
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries," accessed November 14, 2014
- ↑ The Council of State Governments, "Book of the States 2013, Table 4.11," accessed February 2, 2014
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