Diligent Effort / Disclosure Matrix
House Bill 1549 was signed into law, officially eliminating the "diligent effort" requirement for agents placing surplus lines insurance in Florida. The bill also adds additional language to the disclosure form that must be signed by the insured before placement with a surplus lines carrier. Beginning July 1, 2025 the disclosure form will include the language, “surplus lines insurers' policy rates and forms are not approved by any Florida regulatory agency.”
FSLSO will update all relevant forms to reflect this new language in accordance with the legislation.
The bill becomes effective July 1, 2025.
The FSLSO Diligent Effort / Disclosure Matrix details policy requirements if the coverage is exported.
The Diligent Effort / Disclosure Matrix was developed by the Florida Surplus Lines Service Office for the purpose of providing guidance on the diligent effort or disclosure requirement for each line of coverage, for both residential and nonresidential placements. Surplus lines agents should use the matrix as a reference tool for assistance with the diligent effort and disclosure laws pertaining to Florida surplus lines placements.
The information provided should not be interpreted or used as a legal opinion, nor does it supersede directives provided by state or other governing authorities. The Florida Surplus Lines Service Office does not provide legal or tax advice. Whenever agents, brokers, companies, or policyholders have specific questions pertaining to business practices, tax implications or statutory interpretation, we urge the respective parties to seek the counsel of a competent attorney or tax consultant licensed in the appropriate jurisdiction and area of expertise.