Jane Dotson
In the United States, an insurance commissioner is a public official who, along with their office, regulates the insurance industry. While insurance commissioners are typically appointed, they are elected in some jurisdictions. The Florida Insurance Commissioner is a state executive position in the Florida state government. The current Florida Insurance Commissioner is Michael Yaworsky, who assumed office in 2023. Yaworsky was appointed by the Florida Financial Services Commission, an independent panel composed of the governor, attorney general, chief financial officer, and agriculture commissioner.
| Characteristics | Values |
|---|---|
| Is the Florida Insurance Commissioner an elected office? | No, the Florida Insurance Commissioner is appointed by the Florida Financial Services Commission. |
| Who is the current Florida Insurance Commissioner? | Michael Yaworsky |
| What are the requirements for the role? | 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. |
| What are the responsibilities of the Florida Insurance Commissioner? | The Florida Insurance Commissioner heads the Florida Office of Insurance Regulation, which regulates the state's insurance providers, licenses insurance companies operating in Florida, and regulates their rates, market conduct, claims, solvency, and other business practices. |
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What You'll Learn
The Florida Insurance Commissioner is appointed, not elected
The Florida Insurance Commissioner is a state executive position in the Florida state government. The commissioner, who heads the Florida Office of Insurance Regulation (OIR), is appointed by the Florida Financial Services Commission (FSC). The FSC is an independent panel composed of the governor, attorney general, chief financial officer, and agriculture commissioner. The current Florida Insurance Commissioner is Michael Yaworsky, who assumed office in 2023.
The OIR regulates the state's insurance providers, overseeing one of the largest and most complex insurance industries in the world. It is responsible for all activities concerning insurers and other risk-bearing entities, including licensing, rates, policy forms, market conduct, claims, solvency, and other business practices. The commissioner strives to attract more business to Florida and has welcomed new property and casualty insurers into the state's recovering market.
Prior to his appointment, Mr. Yaworsky served as the Vice Chairman of the Florida Gaming Control Commission and as the Chief of Staff for the OIR from 2017 to 2021. He also held various government, regulatory, and legislative positions in the state of Florida from 2006 to 2011, including working as Chief of Staff for the Florida Department of Business and Professional Regulation.
While the Florida Insurance Commissioner is appointed, it is important to note that the office of an insurance commissioner can be established either by the state constitution or by statute, and the powers granted to the position differ in each state. In some jurisdictions, insurance commissioners are elected rather than appointed. However, in Florida, the appointment process is conducted by the FSC through a majority vote.
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The role is a state executive position
The Florida Insurance Commissioner is a state executive position in the Florida state government. The commissioner is appointed by the Florida Financial Services Commission (FSC), an independent panel composed of the governor, attorney general, chief financial officer, and agriculture commissioner. The FSC serves as the agency head for rulemaking purposes, while the Insurance Commissioner is considered the agency head for final agency action within the regulatory authority delegated to the Florida Office of Insurance Regulation (OIR).
The OIR is responsible for overseeing one of the largest and most complex insurance industries in the world, with over $209 billion in regulatory oversight. The office regulates insurance providers in Florida, including licensing, rates, market conduct, claims, solvency, and other business practices. The current Florida Insurance Commissioner, Michael Yaworsky, assumed office in 2023. Prior to his appointment, he served in various government, regulatory, and legislative positions in Florida and other states.
State law requires Florida Insurance 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 regulatory agency overseeing the insurance industry. The commissioner's role is to maintain fair pricing for insurance products, protect the solvency of insurance companies, and enforce compliance with insurance regulations. The Deputy Commissioners of Life and Health Insurance and Property and Casualty Insurance supervise their respective business units, ensuring compliance with financial and regulatory requirements.
The Office of the Inspector General within the OIR promotes accountability, integrity, and efficiency in the office's operations through internal audits, investigations, and performance reviews. The Government Affairs Office coordinates and prepares presentations for the Commissioner's appearances before the FSC, while the Communications Office handles media relations and internal communications, including communications with the Florida Legislature and other stakeholders. The Market Research and Technology Unit leverages technology to streamline processes, improve efficiency, and innovate across the agency.
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The commissioner is appointed by the Florida Financial Services Commission
The Florida Insurance Commissioner is a state executive position in the Florida state government. The commissioner is appointed by the Florida Financial Services Commission (FSC), an independent panel composed of the governor, attorney general, chief financial officer, and agriculture commissioner. The FSC serves as the agency head for rulemaking purposes, and FSC actions are taken by majority vote.
The current Florida Insurance Commissioner is Michael Yaworsky, who assumed office in 2023. Prior to his appointment, Mr. Yaworsky served as the Vice Chairman of the Florida Gaming Control Commission and as the Chief of Staff for the Florida Office of Insurance Regulation (OIR) from 2017 to 2021. Mr. Yaworsky has also held various other government, regulatory, and legislative positions in the state of Florida.
The Florida Office of Insurance Regulation (OIR), headed by the Insurance Commissioner, is responsible for all activities concerning insurers and other risk-bearing entities. This includes licensing, rates, market conduct, claims, solvency, and other business practices. The OIR oversees one of the largest and most complex insurance industries in the world, with over $209 billion in regulatory oversight.
The Insurance Commissioner is considered the agency head for purposes of final agency action within the regulatory authority delegated to the OIR. The commissioner's duties include appearing before the FSC with proposed administrative rules and performance measures. The commissioner also oversees the Deputy Commissioners of Life and Health Insurance and Property and Casualty Insurance, who supervise their respective business units.
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The commissioner's role is to regulate insurance providers in Florida
The Florida Insurance Commissioner is a state executive position in the Florida state government. The commissioner is appointed by the Florida Financial Services Commission (FSC), an independent panel composed of the governor, attorney general, chief financial officer, and agriculture commissioner. The FSC serves as the agency head for rulemaking purposes, while the Insurance Commissioner is considered the agency head for final agency action within the regulatory authority delegated to the Florida Office of Insurance Regulation (OIR).
The OIR is responsible for all activities concerning insurers and other risk-bearing entities in Florida. This includes licensing insurance companies, regulating their rates, market conduct, claims, solvency, and other business practices. The OIR also oversees the admission of new insurance companies into the state's market.
The Deputy Commissioners of Life and Health Insurance and Property and Casualty Insurance supervise their respective Product Review, Financial Oversight, and Market Regulation business units. The Property and Casualty Financial Oversight unit, for example, monitors the financial condition of regulated property and casualty entities to ensure their solvency.
The current Florida Insurance Commissioner, Michael Yaworsky, assumed office in 2023. Commissioner Yaworsky oversees one of the world's largest and most complex insurance industries, with over $200 billion in regulatory oversight. He has focused on enforcement and increasing market regulation compliance, attracting new businesses to Florida, and protecting Florida's seniors.
In summary, the Florida Insurance Commissioner's role is to regulate insurance providers in the state by overseeing the OIR's activities, enforcing compliance, and ensuring the protection of consumers and the stability of the insurance industry in Florida.
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The current commissioner is Michael Yaworsky
The Florida Insurance Commissioner is a state executive position in the Florida state government. The commissioner is appointed by the Florida Financial Services Commission, an independent panel composed of the governor, attorney general, chief financial officer, and agriculture commissioner. The commissioner heads the Florida Office of Insurance Regulation, which regulates the state's insurance providers.
Prior to his appointment, Yaworsky served as the Vice Chairman of the Florida Gaming Control Commission and as the Chief of Staff of the Florida Office of Insurance Regulation (OIR) from 2017 to 2021. As Chief of Staff, he assisted in overseeing the market, served as a policy advisor, and managed fiscal and administrative operations. Yaworsky also has experience in the Georgia Office of Insurance, where he advised the Commissioner and senior staff on policy decisions and performed administrative, regulatory, and litigation duties.
In Florida, Yaworsky held various government positions under former governors Charlie Crist and Jeb Bush. He was also chief of staff at the Florida Department of Business and Professional Regulation. With his experience and qualifications, Yaworsky is expected to effectively lead the OIR and address Florida's insurance challenges.
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Frequently asked questions
No, the Florida Insurance Commissioner is appointed by the Florida Financial Services Commission, an independent panel composed of the governor, attorney general, chief financial officer and the agriculture commissioner.
The current Florida Insurance Commissioner is Michael Yaworsky, who assumed office in 2023.
State law requires commissioners to have five years of experience in the private sector of the insurance industry and five years of experience as a senior examiner or employee in a regulatory agency overseeing the insurance industry.
The Florida Insurance Commissioner heads the Florida Office of Insurance Regulation, which regulates the state's insurance providers. They are responsible for licensing insurance companies operating in Florida, regulating their rates, market conduct, claims, solvency and other business practices.
