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one2024 2024 QUARTERLYREPORTTHE QUARTER BY THE NUMBERS TOTAL POLICY COUNT AVERAGE COST PER POLICYQ1Q1 2023% CHANGE341 THOUSAND $11 THOUSAND321 THOUSAND $10 THOUSAND6.5% 9.1%TOTAL PREMIUM$3.9 BILLION16.1%Q1
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How to fill out florida surplus lines service
How to fill out florida surplus lines service
01
Obtain a surplus lines license from the Florida Department of Financial Services.
02
Ensure you have the necessary information about the policy and coverage being provided.
03
Complete the surplus lines affidavit, declaring that the coverage cannot be obtained through admitted insurance carriers.
04
Submit the surplus lines affidavit and any other required forms to the Florida Surplus Lines Service Office.
05
Keep records of all surplus lines transactions for compliance purposes.
Who needs florida surplus lines service?
01
Insurance agents and brokers who are looking to provide coverage that cannot be obtained through admitted insurance carriers.
02
Clients who require specialized or unique insurance coverage that is not offered by standard insurance companies in Florida.
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What is florida surplus lines service?
Florida Surplus Lines Service refers to the system used for the regulation and reporting of surplus lines insurance, which is coverage not available from licensed insurers in Florida.
Who is required to file florida surplus lines service?
Surplus lines agents are required to file the Florida Surplus Lines Service to report insurance coverage that they have placed with unauthorized insurers.
How to fill out florida surplus lines service?
To fill out the Florida Surplus Lines Service, you need to complete the prescribed form with details of the insured, the insurance coverage provided, and the risks accepted.
What is the purpose of florida surplus lines service?
The purpose of the Florida Surplus Lines Service is to ensure transparency and regulation of surplus lines insurance transactions, protecting consumers and ensuring compliance with state laws.
What information must be reported on florida surplus lines service?
Information required includes the name of the insured, policy number, type of coverage, premium amounts, and details about the surplus lines insurer.
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