Florida Surplus Lines Requirements

Category:

Personal Planning

State:

Florida

Control #:

FL-P086-PKG

Format:

Instant download

Description

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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.

Florida Surplus Lines Requirements

Description

Viewed forms

How to fill out Florida Organizing Your Personal Assets Package?

Form popularity

FAQ

What is the penalty for late filing of surplus lines in Florida?

What is the surplus line tax rate in Florida?

What is Florida surplus lines taxes and fees?

How do you get the surplus lines license in Florida?

What is an example of surplus lines insurance?

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Florida Surplus Lines Requirements

Description

Related legal definitions

Viewed forms

How to fill out Florida Organizing Your Personal Assets Package?

Form popularity

FAQ

What is the penalty for late filing of surplus lines in Florida?

What is the surplus line tax rate in Florida?

What is Florida surplus lines taxes and fees?

How do you get the surplus lines license in Florida?

What is an example of surplus lines insurance?

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