FL H0387

Removes the $35 cap on per-policy fees that surplus lines agents may charge for policies certified for export, while requiring fees to be itemized separately to customers before purchase and enumerated in the policy

Eliminates the requirement for surplus lines agents to file quarterly affidavits with the Florida Surplus Lines Service Office certifying that all transactions have been properly submitted

Revises tax remittance requirements so surplus lines agents must pay quarterly taxes to the Florida Surplus Lines Service Office at the same time as required fee payments rather than with the eliminated affidavit filing

Extends from July 1, 2019 to July 1, 2025 the expiration date allowing surplus lines agents to export flood coverage contracts without first seeking coverage from three or more authorized insurers

Effective date of July 1, 2019