FL S1816

Requires surplus lines agents to file quarterly affidavits on or before the 45th day following each calendar quarter (instead of monthly) stating all surplus lines insurance transacted has been submitted to the Florida Surplus Lines Service Office.

Changes premium tax and service fee computation to be based on gross premium (rather than allocable portion) when a surplus lines policy covers risks only partially in Florida and Florida is the home state under the federal Nonadmitted and Reinsurance Reform Act of 2010 (NRRA), with taxes capped at the rate where the risk is located.

Authorizes the Department of Financial Services and Office of Insurance Regulation to enter into cooperative reciprocal agreements with other states for collecting and allocating nonadmitted insurance taxes for multistate risks, with clearinghouse service fees not exceeding 0.3 percent of gross premiums.

Grants the Legislature authority to review and withdraw from any cooperative reciprocal agreement if determined not in Florida's best interest, and requires the department to submit a report to the Legislature by January 1, 2012 detailing agreement terms and projections.

Applies the same gross premium tax and service fee computation rules to insureds or self-insurers procuring independent coverage from foreign or alien insurers when Florida is the home state, with payment required on or before the 45th day following each calendar quarter.