FL S0578

Allows eligible surplus lines insurers to participate in Citizens Property Insurance Corporation's depopulation, take-out, and keep-out programs on the same terms as authorized insurers, subject to office approval and specific financial requirements.

Requires surplus lines insurers to maintain at least $50 million in surplus, an A.M. Best Financial Strength Rating of A- or better, and reinsurance covering 100-year probable maximum hurricane loss at least twice in a single season.

Mandates surplus lines insurers provide prominent notice to policyholders that surplus lines policies are not covered by the Florida Insurance Guaranty Association and outline coverage differences before assuming policies.

Requires surplus lines insurers to deposit unearned premiums within 10 days of policy assumption with the Bureau of Collateral Securities and file quarterly attestations regarding unearned premiums.

Authorizes Citizens Property Insurance Corporation to release underwriting and claims file information to authorized insurers, reinsurance intermediaries, eligible surplus lines insurers, and entities applying for property and casualty insurer licensure who agree in writing to maintain confidentiality.