FIGA Assessment Payable by December 31
At the recommendation of the Florida Insurance Guaranty Association (FIGA), the Office of Insurance Regulation has issued an order levying an assessment of 0.9% of net direct written premiums for FIGA’s “All Other” account. This account encompasses most lines of property and casualty insurance other than auto and workers’ compensation. For example, it includes fire, allied lines, homeowners, farmowners, commercial property, medical malpractice and liability lines.
The assessment is payable by member insurers by December 31, 2012. Insurers are able to recoup the amount of their assessment payments by making recoupment filings with the Office of Insurance Regulation.