A bill for an act relating to matters under the purview of the department of insurance and financial services including financial literacy and exploitation, tax confidentiality, health insurance rates, health savings accounts, insurer withdrawals, property insurance, and service contracts, and including penalties.

HF 911 establishes two new state funds to protect and educate the public on financial matters. The Financial Literacy and Investor Education Fund will develop programs to teach financial topics. Concurrently, the Financial Exploitation Prevention Fund will educate on exploitation, assist victims, and support investigations and prosecutions. These initiatives will be funded through a portion of agent registration fees, state appropriations, transfers from the commerce revolving fund, and civil penalties.