Department of Revenue Reporting Required by Insurers for Fire Control Districts

The attached memorandum from the Municipal Police Officers’ & Firefighters’ Retirement Trust Funds advising that the City of Palm Beach Shores is participating under Chapter 175, Florida Statutes. 

The memorandum serves as a reminder that this law requires every insurance company, association, corporation, or other insurer carrying on the business of property insurance on real or personal property to report fully–in writing and under oath–to the Florida Department of Revenue a just and true account of all premiums by such insurer received for property insurance policies covering or insuring any real or personal property located within the corporate limits of each municipality or fire control district for each calendar year.  

Pursuant to s. 175.1015, F. S., the Department of Revenue created a database that insurers may use in assigning their premiums and policies to the various participating local taxing jurisdictions.  Insurance Companies that do not use the electronic database provided by the Department of Revenue or that do not exercise due diligence in applying the electronic database for tax years on or after January 1, 2006, are subject to a 0.5 percent penalty on the portion of the premium pertaining to any insured risk that is improperly assigned, whether assigned to an improper local taxing jurisdiction, not assigned to a local taxing jurisdiction when it should be assigned to a local taxing jurisdiction, or assigned to a local taxing jurisdiction when it should not be assigned to a local taxing jurisdiction. 

To view updates to the database, click here.

Fire Control District maps are available at http://www.myflorida.com/frs/mpf.  Click on “Facts & Figures,” where they will be listed under the General Plan/Program Information – “Fire Control District Maps.” Also, under “Facts & Figures,” are located Insurance Premium Tax (IPT) Database Updates from the Department of Revenue.

Should you have any questions or comments, please do not hesitate to contact this office.