Florida Surplus Lines Requirements
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How to fill out Florida Organizing Your Personal Assets Package?
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FAQ
(1) Any licensed surplus lines agent who neglects to file a report or an affidavit in the form and within the time required or provided for in the Surplus Lines Law may be fined up to $50 per day for each day the neglect continues, beginning the day after the report or affidavit was due until the date the report or ...
(1) The premiums charged for surplus lines coverages are subject to a premium receipts tax of 4.94 percent of all gross premiums charged for such insurance.
Premium is taxed at 4.94%, regardless of the state in which there is exposure. Any subsequent endorsements would be reported to FSLSO with the Florida and Non-Florida premium breakdown, and the entire premium would be taxed at 4.94%. The tax rate reduction does not apply to independently procured coverage (IPC).
Completed within four years of application date. Find a course. Requires State Examination. Requires State Examination. Transfer of License. Transfer of License. Requires State Examination. Review fees. Apply. Fingerprinting fees are not included and must be paid directly to vendor.
For example, an ax-throwing business may have to get property and liability coverage from a surplus lines carrier because the industry is still fairly new and involves higher risk of damage or injury. The policies offered through the E&S market usually have more expensive premiums and higher deductibles.