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All property insurers who want to apply for or maintain their status as a Limited Apportionment Company (LAC) must submit their applications to the Florida Office of Insurance Regulation by March 31. An LAC, as defined by Florida statute, is “an insurer with a policyholder surplus of $25 million or less, writing 25 percent or more of its total countrywide property insurance premiums in the State of Florida and who petitions OIR to qualify as a Limited Apportionment Company within the first 90 days of each calendar year, (no later than March 31), and whose petition to qualify has been approved by OIR.”

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