The Florida Statement of Responsibility (FOR) is an agreement between a business or individual and the Florida Department of Financial Services. It is used to protect the public from financial losses. The FOR is a legally binding document that requires the signatory to maintain a certain level of financial responsibility. The FOR acts as a guarantee of payment in the event of a business or individual’s failure to meet its financial obligations. The FOR outlines the terms of the agreement and the amount of money to be held in reserve to cover any liabilities. It also outlines the process for filing a claim if a business or individual defaults on their obligations. There are three types of For: 1. Financial Institution Statement of Responsibility: This type of FOR is used by financial institutions such as banks and other lenders. It requires the signatory to maintain a certain level of financial responsibility. 2. Professional Statement of Responsibility: This type of FOR is used by professionals such as doctors and lawyers. It requires the signatory to maintain a certain level of professional responsibility. 3. Business Statement of Responsibility: This type of FOR is used by businesses and individuals. It requires the signatory to maintain a certain level of financial responsibility. The FOR is an important document that helps ensure that businesses and individuals are held accountable for their financial obligations. It also helps protect consumers from financial losses due to non-payment.