News & Updates

Florida Surplus Lines Service Office

Surplus Lines Tax Reduced as of July 1

Surplus Lines Tax Reduced as of July 1

The Florida surplus lines tax charged by the Florida Department of Financial Services (DFS) decreased from 5.0% to 4.94% effective July 1, 2020.  The reduction applies to all new and renewal policies with an effective date on or after July 1, 2020.  The tax applies to the total gross premium as defined in Florida Statute […]

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Florida Exit from NIMA Effective Next Week

Florida Exit from NIMA Effective Next Week

Florida’s exit from the Nonadmitted Insurance Multi-State Agreement (NIMA) takes effect June 1.  Florida becomes the second state to leave NIMA after Louisiana exited the agreement last year.  Representatives of the Florida Office of Insurance Regulation (OIR) commented that while NIMA achieved its intended benefits for the participating states, they are disappointed that participation did […]

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Surplus Lines Service Office Fee Reduction Takes Effect

Surplus Lines Service Office Fee Reduction Takes Effect

The reduction in the Florida Surplus Lines Service Office (FSLSO) service fee announced earlier this year takes effect today.  In bulletin 2016-01, the FSLSO notified surplus lines agents, surplus lines insurers and filers of independently procured coverage that the FSLSO service fees drops from 0.175% to 0.15% effective April 1, 2016.  The fee reduction applies to […]

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Surplus Lines Service Office Fee to be Reduced

Surplus Lines Service Office Fee to be Reduced

The Florida Surplus Lines Service Office (FSLSO) has informed surplus lines agents, surplus lines insurers and filers of independently procured coverage that the FSLSO service fee will drop from 0.175% to 0.15% effective April 1, 2016.  The fee reduction will apply to all new and renewal policies/certificates with effective dates on or after April 1, […]

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Florida Surplus Lines Service Office to Act as Clearinghouse for NIMA, Inc.

Florida Surplus Lines Service Office to Act as Clearinghouse for NIMA, Inc.

The member states of NIMA, the Non-Admitted Insurance Multi-State Agreement, approved a Premium Tax Clearinghouse services agreement and license agreement, through which NIMA, Inc. contracted with the Florida Surplus Lines Service Office (“FSLSO”) to act as its central clearinghouse for the collection and allocation of surplus lines premium tax payments for multi-state surplus lines policies. […]

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News from the Florida Surplus Lines Service Office

News from the Florida Surplus Lines Service Office

On September 30, 2011, The Florida Surplus Lines Service Office (FSLSO) sent notice of two changes.  The first relates to the EMPA tax (Emergency Management Preparedness Assistance).  As of October 1, 2011 this tax gets paid to the Florida Division of Emergency Management as a result of name changes and reorganizations implemented by the Governor.   […]

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