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BULLETIN: 201301 TO:FLORIDA SURPLUS LINES AGENTS, SURPLUS LINES INSURERS AND INDEPENDENTLY PROCURED COVERAGE (IPC) FILERSFROM:GARY D. PULLED, EXECUTIVE DIRECTOR FLORIDA SURPLUS LINES SERVICE OFFICIATE:DECEMBER
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Florida surplus lines agents are licensed insurance agents who are authorized to place coverage with non-admitted insurance carriers for risks that are not eligible for coverage in the standard market.
Any insurance agent or broker who wishes to place coverage with a non-admitted insurance carrier in Florida must have a surplus lines license and must file surplus lines reports.
To fill out Florida surplus lines reports, agents must report the details of the non-admitted insurance coverage placed, including the insured's information, policy details, and premium amounts.
The purpose of Florida surplus lines agents is to provide coverage options for risks that cannot be insured through the standard market, ensuring that policyholders have access to the insurance coverage they need.
Agents must report details of the insured, the policy, the non-admitted insurance carrier, and the premium amount for each policy placed with a non-admitted insurance carrier.
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