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Answer :
The Florida Department of Financial Services (FDFS) is responsible for regulating and overseeing various financial services in the state of Florida.
Its main role is to protect consumers by ensuring the stability, integrity, and fairness of the financial marketplace. FDFS handles a wide range of financial matters, including insurance, banking, securities, and workers' compensation.
It licenses and monitors financial institutions, investigates fraud and financial crimes, educates consumers about financial literacy, and provides assistance to individuals and businesses regarding insurance claims and other financial issues.
By enforcing laws and regulations, the department aims to promote a secure and transparent financial environment that fosters economic growth and safeguards the interests of Floridians.
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