Rules Now Governed by Florida Surplus Lines Service Office Proposed for Repeal

 

Florida Department of Financial Services regulations applicable to surplus lines insurers and agents relating to the collection of taxes are being proposed for repeal, inasmuch as their functions are now governed by the Florida Surplus Lines Service Office.

The proposed Rules are:

69P-5.002            Private Passenger Automobile Physical Damage Insurance

69P-5.003            Statement of Diligent Effort

69P-5.004            Quarterly Report Required

69P-5.005            Report and Tax of Independently Procured Coverages

69P-5.006            Surplus Lines Insurers: Quarterly and Annual Reporting Requirements

69P-5.008            Surplus Lines Surplus Requirement Election Form

69P-5.012            Prohibitions

The written comment period on the proposed repeals is open until January 27, 2017.

To view the Notice of Proposed Rule, click here.

 

Should you have any questions or comments, please contact Colodny Fass.

 

 

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