The Office of Insurance Regulation (OIR) approved by order (OIR-05-013M) an assessment fee of 6.84% to be levied by Citizens Property Insurance Corporation (Citizens) on applicable surplus lines policies issued or renewed with an effective date on or after January 1, 2006. The assessment period will continue for a period of twelve months and applies to all applicable policies issued or renewed in 2006. 

While agents will not need to make any changes in regards to the FSLSO Agent and 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 and the $2.00/$4.00 Emergency Management Preparedness and Assistance surcharge) and will be handled in a manner similar to the collection and payment of the premium receipts tax. The major differences being the percentage of the assessment amount, the applicable coverage codes (see coverage codes below) and the mailing address for payment. The assessment is refundable on a proportional basis for return premium endorsements and cancellations. 

The Florida Surplus Lines Service Office will collect the assessment fee by generating an invoice specific to the Citizens assessment that will be sent along with the premium receipts tax invoice on a quarterly basis. Checks for the assessment amount should be made payable to the Citizens Property Insurance Corporation and mailed to Citizens Property Insurance Corporation, P.O. Box 850001, Orlando, FL 32885-0286.

The following surplus lines coverages and their specific codes have been identified as subject to the 6.84% Citizens assessment:

1000 Commercial Property
1001 Builders Risk
1002 Business Income
1003 Apartments (Commercial)
1005 Commercial Package
1006 Condominium (Commercial)
1008 Difference in Conditions
1009 Earthquake
1010 Flood
1012 Mortgagee Impairment
1013 Windstorm and/or Hail
1014 Mold Coverage (Commercial)
1016 Excess Flood (Commercial)
2000 Homeowners – HO-1
2001 Homeowners – HO-2
2002 Homeowners – HO-3
2003 Tenant Homeowners – HO-4
2004 Homeowners – HO-5
2005 Condo Unit-Owners – HO-6
2006 Homeowners – HO-8
2007 Dwelling Builders Risk
2008 Dwelling Flood