While agents and Independently Procured Coverage (IPC) filers will not need to make any changes in regard to the FTP submission software, internal changes to agency policy issuance and accounting software may be necessary.
The assessment will be calculated as a percentage of the transaction’s premium as defined by Section 626.932(6) Florida Statutes, (excluding the premium receipts tax, the FSLSO service fee, the $2.00/$4.00 Emergency Management Preparedness and Assistance surcharge and the Florida Hurricane Catastrophe Fund assessment) and will be handled in a manner similar to the collection and payment of the premium receipts tax. The assessment is refundable on a proportional basis for return premium endorsements and cancellations.
FSLSO will collect the assessment by generating an invoice specific to the Citizens’ Emergency Assessment that will be sent on a quarterly basis along with the premium receipts tax invoice (with the exception of IPC filers who are invoiced at the time of submission). Payments will be remitted to Citizens at the current lockbox address found on FSLSO’s website www.fslso.com/contact/addresses.aspx?o=act. A list of applicable coverage codes is available at www.fslso.com/faq/index.aspx?id=325. Additional information is available at www.fslso.com.