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  • Fl Surplus Lines Disclosure And Acknowledgement 2022

Get Fl Surplus Lines Disclosure And Acknowledgement 2022-2025

Surplus Lines Disclosure and Acknowledgement At my direction, name of insurance agency has placed my coverage in the surplus lines market. As required by Florida Statute 626.916, I have agreed to.

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How to fill out the FL Surplus Lines Disclosure And Acknowledgement online

The FL Surplus Lines Disclosure And Acknowledgement is an important document that users must complete when obtaining insurance coverage through the surplus lines market. This guide offers step-by-step instructions for filling out the form online, ensuring that you can navigate the process with confidence and clarity.

Follow the steps to complete the FL Surplus Lines Disclosure And Acknowledgement online.

  1. Press the ‘Get Form’ button to access the form and open it in your online editor.
  2. Fill in the 'Name of insurance agency' where you indicate which agency has placed your insurance coverage.
  3. In the 'Named Insured' section, provide the full name of the individual or entity that will be insured.
  4. Sign the document in the section labeled 'By:' to confirm your agreement to the placement of coverage.
  5. Enter the 'Date' on which you are signing the form to ensure clear documentation.
  6. Print your name and title clearly in the 'Printed Name and Title of Person Signing' section.
  7. Specify the 'Name of Excess and Surplus Lines Carrier' for clarity on which carrier is providing your coverage.
  8. Indicate the 'Type of Insurance' you are obtaining to provide context for your coverage.
  9. Finally, specify the 'Effective Date of Coverage' to document when your policy will commence.
  10. Once all fields are completed, save your changes, and consider downloading, printing, or sharing the form as necessary.

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Chapter 626 Section 916 - 2022 Florida Statutes
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ing to Florida law, once you obtain a surplus lines license, you are considered a member of the Florida Surplus Lines Service Office and therefore, must register with FSLSO via the Surplus Lines Information Portal (SLIP) at https://slip.fslso.com.

Surplus lines insurance is coverage for specific risks that the standard or admitted market is either unable or unwilling to cover. While the admitted market is where most consumers find coverage, the surplus lines market is vital as a supplement for those consumers and businesses that cannot find coverage otherwise.

Surplus lines insurance is a type of secondary coverage. It's available if your business can't get sufficient primary coverage from regular insurance providers. These policies are also known as surplus liability coverage. As they cover the excess amount of risk that other insurers won't take on.

Surplus lines insurance is coverage for specific risks that the standard or admitted market is either unable or unwilling to cover. While the admitted market is where most consumers find coverage, the surplus lines market is vital as a supplement for those consumers and businesses that cannot find coverage otherwise.

FSLSO's chief purposes are to enhance insurance availability to consumers; provide advice and counsel for the benefit of consumers, agents, companies and government agencies; and to protect the revenues of this state. Except for coverages specifically exempt, a service fee is applicable for all surplus lines policies.

Every surplus line broker and special lines surplus line broker must make an annual state tax filing. This filing is due to the Insurance Commissioner on or before March 1st of each year.

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).

In its quest to facilitate compliance, the FSLSO's responsibilities include monitoring the activities and compliance standards of licensed surplus lines agents conducting business in Florida, as well as eligible surplus lines insurers.

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Fill FL Surplus Lines Disclosure And Acknowledgement

At my direction, has placed my coverage in the surplus lines market. Florida passed SB 1549, repealing the diligent search requirement for surplus lines policies, making it the largest market to do so to date. SURPLUS LINES DISCLOSURE and. ACKNOWLEDGEMENT. Florida's governor has signed House Bill 1549 into law, eliminating the requirement that insurance agents make a "diligent effort" to find coverage. At my direction, BBBBBB BBBBB has placed my coverage in the surplus lines market. Section I-1 Written Request for Eligible Surplus Lines Status. A written request must be submitted requesting the eligibility of the insurer. 4. Surplus lines insurance in any other state subject to the applicable surplus lines laws of such other state for risks located entirely outside of this state. When a policy is exported to a surplus lines insurer, the insured must sign or provide documented acknowledgement of the following disclosure:. When a policy is exported to a surplus lines insurer, the insured must sign or provide documented acknowledgement of the following disclosure:.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232