The Bureau of Unclaimed Property in Florida is overseen by which official?

Study for the Florida Laws and Rules Pertinent to Insurance Test. Use multiple choice questions with hints and explanations to boost your understanding. Gain confidence for your exam!

The Bureau of Unclaimed Property in Florida is overseen by the Chief Financial Officer (CFO). The CFO's role encompasses managing state finances, which includes overseeing various financial responsibilities such as the state’s unclaimed property program. This program is designed to protect the rights of property owners and ensure that unclaimed assets are properly managed and returned to their rightful owners when they come forward to claim them.

The CFO’s responsibilities specifically include the administration of the unclaimed property laws, ensuring proper notification of ownership rights, and maintaining the custody of unclaimed property until it is legally claimed. This oversight is crucial for maintaining transparency and accountability in how unclaimed property is handled for the citizens of Florida. The other officials listed, while having important roles in state government, do not specifically oversee the Bureau of Unclaimed Property. The Governor is primarily responsible for the overall leadership of the state, the Insurance Commissioner focuses on insurance regulation, and the State Treasurer deals with state treasury management but does not have direct oversight over the unclaimed property program.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy