FL S0836

Defines "assessment year" as a 12-month period beginning on the first day of any calendar quarter (January 1, April 1, July 1, or October 1) as specified in an office order directing insurers to pay assessments.

Revises assessment procedures by establishing two methods: insurers may make initial payments before the assessment year begins, or the association may collect monthly installments as funds are collected from policyholders throughout the year.

Requires assessment charges or recoupments to be displayed separately on premium statements to policyholders and prohibits their inclusion in rates filed with the office.

Limits insurer liability for uncollectible emergency assessments and eliminates the requirement for insurers to file a final accounting report documenting recoupment completion.

Removes prior filing requirements for recoupment factors and final accounting reports, replacing them with a reconciliation report due within 90 days after each assessment year showing initial payments, amounts actually collected, and any excess or deficit amounts.