Insurance

Florida Insurance Commissioner Approves Another Round of Policy Removals From Citizens Property Insurance Corp.

Thursday, November 13, 2008 by Sandy P. Fay

Florida Insurance Commissioner Approves Another Round of Policy Removals From Citizens Property Insurance Corp.

TALLAHASSEE, Fla. - Florida Insurance Commissioner Kevin McCarty today (November 13, 2008) announced the removal of up to 110,000 policies from Citizens Property Insurance Corp. (Citizens) beginning Nov. 14. Six companies, named below, are involved with this round of removals.  

Companies are approved by the office to... Read More

Posted at 17:09 PM  |  PERMALINK
Topic: Insurance

Florida insurance premium taxes: Are wind-only policies are subject to the Fire Marshal assessment?

Thursday, November 13, 2008 by Megan M. Grant

Florida wind-only policies are not believed to be subject to the Florida Fire Marshal assessment, but wind-only policies for commercial properties may be subject to a Fire Marshal surcharge. 

Fire Marshal Assessment

Section 624.515, Florida Statutes, provides in subsection (1) that “policies of fire insurance” are subject to a regulatory assessment on behalf of the State Fire Marshal on premiums collected by insurers on policies of fire insurance issued by it... Read More

Posted at 17:03 PM  |  PERMALINK
Topic: Insurance
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