December 5, 2018
What's Happening
Discontinuation of the Florida Hurricane Catastrophe Fund Assessment
Pursuant to a Supplementary Order issued on December 3, 2018 by Florida’s Office of Insurance Regulation, effective April 1, 2019, surplus lines policies issued or renewed prior to January 1, 2015 and all related transactions reported to FSLSO will not have the FHCF emergency assessment charged or credited.
As a result of this subsequent resolution and Order, the last day to report surplus lines policy data through the FSLSO system (SLIP or XML Batch) where the FHCF assessment will be charged or credited is March 31, 2019.
Read the full bulletin for more information and accounting instructions.
Flood Insurance Saga Continues
The National Flood Insurance Program was set to expire last Friday, but was extended another week. The Senate then passed another extension through May 31, 2019.
However, the House has not yet passed any measures on the issue.
www.fslso.com
Have questions? Contact us at 800.562.4496, option 1 or email agent.services@fslso.com.
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