surplus lines taxation News

Recent data from Florida indicate that the economics for a multistate surplus lines tax allocation clearinghouse are unworkable. There simply is not enough multistate surplus lines tax to support the cost of a clearinghouse. This is not new information. (See …

Florida is prepared to join other states around the country in bring its surplus lines business in line with the federal Nonadmitted and Reinsurance Reform Act. Governor Rick Scott signed SB 1816 into law authorizing the Florida Office of Insurance …