FL H0211

Authorizes the Florida Insurance Guaranty Association to certify regular assessments to be collected by member insurers directly from policyholders upon policy issuance or renewal, with at least 90 days' notice and a maximum of 2 percent of premiums per year.

Authorizes the association to levy emergency assessments to be collected by member insurers from policyholders for hurricane-related insolvencies, with similar collection procedures and 2 percent annual limit.

Allows emergency assessments to be paid in a single payment or up to 12 monthly installments at the association's option, and permits emergency assessments to be pledged to secure bonds issued under section 631.695.

Permits insurers to recoup regular and emergency assessments through separate recoupment factors applied to policies, with detailed reporting requirements and provisions for excess recoupment amounts.

Takes effect July 1, 2013, and applies to all assessments certified and levied after that date regardless of when the underlying insolvency occurred.