FL S0324

Authorizes the Florida Insurance Guaranty Association to collect regular assessments directly from policyholders instead of only from insurers, with at least 90 days' notice before collection begins.

Allows emergency assessments to be levied directly on policyholders and collected by insurers, capped at 2 percent of direct written premiums per calendar year.

Permits the association to borrow funds necessary to meet cash flow needs when regular and emergency assessments are levied on policyholders.

Establishes that regular assessments paid by insurers constitute advances of funds that insurers may fully recoup through separate recoupment factors applied to premiums of the same kind or line.

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