Independently Procured Coverage (IPC)
About Independently Procured Coverage
Under Florida Statute 626.938, Independently Procured Coverage (IPC) refers to insurance obtained directly by an insured from a non-admitted insurer without using a licensed Florida resident or nonresident surplus lines agent or general lines agent—such as policies secured by an in-house risk manager. Under state law, the policyholder assumes full responsibility for filing the policy and remitting all required Florida surplus lines taxes, fees, and assessments.
IPC Filing Requirements
When Florida is designated as the home state of the insurance policy, all independently procured surplus lines coverage must be reported to the Florida Surplus Lines Service Office (FSLSO) via the SLIP+ platform.
- Reporting Deadline: All premium-bearing policy transactions must be filed in SLIP+ within 30 days of their effective date.
- Late Penalties: Delinquent filings accrue interest at an annual rate of 6%, compounded annually.
Taxes, Fees, and Assessments
IPC filings may incur the following charges, which SLIP+ calculates automatically based on reported policy data:
- Florida Surplus Lines Premium Tax: 5% IPC tax rate
- FSLSO Service Office Fee
- Florida Division of Emergency Management (DEM) EMPA Surcharge: Applied to certain commercial and residential property insurance policies
For up-to-date rate details, refer to the Tax/Fee/Assessment Table.
Quarterly Invoicing Requirements
How To Register for an IPC SLIP+ Account
Step 1: Create a SLIP+ Account
Visit the FSLSO SLIP+ login page, select Register now!, and choose Independently Procured Coverage.
Step 2: Select Your Filing Type
- Individual: Select if reporting coverage on your own behalf.
- Company: Select if reporting on behalf of a corporate entity.
Step 3: Enter the Required Information
Complete all the required fields across the following sections:
- IPC Filer Information
- Address Information
- Contact Information
Step 4: Activate Your Account
After registration, the primary contact will receive a password setup email. Once activated, you can begin submitting policy transactions in SLIP+.
Maintaining Compliance
To ensure ongoing statutory compliance:
- Submit all transactions within 30 days of their effective date.
- Regularly review SLIP+ system notifications.
- Actively monitor and resolve Transactions in Question (TIQs).
- Keep all account contact information accurate and up to date.
- Review quarterly invoices and submit full payment prior to the due date.
Need guidance? Access user resources, tutorials, and live chat via the Help icon (?) on the SLIP+ navigation bar.
