FL S1390

Removes exemption language from section 624.4094 that stated insurance premium taxes on bail bonds would be calculated using gross premiums.

Adds new subsection (c) to section 624.509 requiring insurers to pay a 1.75 percent tax on direct written premiums for bail bonds, excluding amounts retained by licensed bail bond agents or managing general agents.

Establishes separate tax treatment for bail bond premiums distinct from general insurance policies and annuities.

Takes effect upon becoming law.