FL H0429

Florida Insurance Guaranty Association employees may adjust losses if they hold or have held appropriate Florida licensure within the past 10 years

Employees from other state guaranty associations (whose regulators are NAIC members) may adjust losses for Florida's association under contract, provided they have appropriate experience and training

Workers' compensation insurers must recoup assessments by applying a uniform surcharge percentage to policies; assessments cannot exceed 2% of direct written premiums annually (plus additional 1.5% if needed for claimant payments)

Direct written premium calculations for assessments cannot be reduced by deductible discounts/credits or retrospectively rated policy adjustments; the Florida Workers' Compensation Insurance Guaranty Association may audit insurer premium reports

Policyholder surcharges are not considered premium and are not subject to premium tax, fees, or commissions; insurers are not liable for uncollectible surcharges