FL H0939

Repeals the provision that separated insurance premium tax calculations from financial reporting for bail bond premiums, requiring taxes to be calculated using gross bail bond premiums.

Establishes that direct written premiums for bail bonds reported in financial statements shall be net of amounts retained by licensed bail bond agents or managing general agents, with a minimum floor of 6.5 percent of total consideration received by the agent.

Adds a new tax paragraph requiring insurers to pay 1.75 percent premium tax on direct written premiums for bail bonds, excluding amounts retained by licensed bail bond agents or managing general agents.

Specifies that insurance premium taxes and related excise taxes on bail bonds continue to be calculated using gross bail bond premiums, clarifying the tax treatment separate from financial reporting requirements.

Effective date: January 1, 2015.