FL S1136

Allows the Department of Financial Services to order a surcharge or additional surcharge on title insurance policies to recover assessments from impaired title insurers, with a maximum of $25 per transaction per insurer.

Requires title insurers not subject to a given assessment to collect the same surcharge as those subject to the assessment, with collected funds paid to the receiver within 60 days for an excess surcharge account.

Restricts title insurers from retaining more in surcharges than the total amount of aggregate assessments they paid, with excess surcharges paid quarterly to the receiver's excess surcharge account.

Permits excess surcharges to be used only to reduce future assessments for insurers in receivership or to reduce the surcharge period for consumers by transferring funds to insurers that have not fully collected their assessed amounts.

Requires excess surcharges held by the receiver to be transferred to the Insurance Regulatory Trust Fund if no active title insurer receiverships exist for 12 consecutive months or if no payable claims exist for 60 consecutive months.