FL H5403

Adds two new sources of funds to be deposited into the Insurance Regulatory Trust Fund: all sums received under section 626.932(5) and section 626.938(7)

Directs the department to deposit 8.8 percent of all surplus lines taxes collected into the Insurance Regulatory Trust Fund, with 91.2 percent deposited into the General Revenue Fund

Directs the department to deposit 8.8 percent of all taxes and interest collected on independently procured coverages into the Insurance Regulatory Trust Fund, with 91.2 percent deposited into the General Revenue Fund

Repeals section 9 of chapter 2009-70, Laws of Florida, which contained scheduled reversion provisions for surplus lines tax distribution provisions

Becomes effective July 1, 2014, except for the section authorizing the repeal, which takes effect June 30, 2014