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| 3 | 3 | | HB 1149 2022 |
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| 7 | 7 | | CODING: Words stricken are deletions; words underlined are additions. |
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| 8 | 8 | | hb1149-00 |
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| 9 | 9 | | Page 1 of 2 |
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| 10 | 10 | | F L O R I D A H O U S E O F R E P R E S E N T A T I V E S |
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| 14 | 14 | | A bill to be entitled 1 |
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| 15 | 15 | | An act relating to surplus lines tax on flood 2 |
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| 16 | 16 | | insurance premiums; amending s. 626.932, F.S.; 3 |
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| 17 | 17 | | providing that premiums charged for surplus lines 4 |
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| 18 | 18 | | coverages for the peril of flood are not subject to a 5 |
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| 19 | 19 | | specified premium receipts tax; providing an effective 6 |
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| 20 | 20 | | date. 7 |
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| 21 | 21 | | 8 |
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| 22 | 22 | | Be It Enacted by the Legislature of the State of Florida: 9 |
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| 23 | 23 | | 10 |
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| 24 | 24 | | Section 1. Subsection (1) of section 626.932, Florida 11 |
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| 25 | 25 | | Statutes, is amended to read: 12 |
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| 26 | 26 | | 626.932 Surplus lines tax. — 13 |
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| 27 | 27 | | (1)(a) Except as otherwise provided in paragraph (b), the 14 |
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| 28 | 28 | | premiums charged for surplus lines coverages are subject to a 15 |
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| 29 | 29 | | premium receipts tax of 4.94 percent of all gross premiums 16 |
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| 30 | 30 | | charged for such insurance. The su rplus lines agent shall 17 |
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| 31 | 31 | | collect from the insured the amount of the tax at the time of 18 |
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| 32 | 32 | | the delivery of the cover note, certificate of insurance, 19 |
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| 33 | 33 | | policy, or other initial confirmation of insurance, in addition 20 |
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| 34 | 34 | | to the full amount of the gross premium charged by the insurer 21 |
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| 35 | 35 | | for the insurance. The surplus lines agent is prohibited from 22 |
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| 36 | 36 | | absorbing such tax or, as an inducement for insurance or for any 23 |
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| 37 | 37 | | other reason, rebating all or any part of such tax or of his or 24 |
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| 38 | 38 | | her commission. 25 |
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| 39 | 39 | | |
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| 40 | 40 | | HB 1149 2022 |
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| 43 | 43 | | |
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| 44 | 44 | | CODING: Words stricken are deletions; words underlined are additions. |
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| 45 | 45 | | hb1149-00 |
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| 46 | 46 | | Page 2 of 2 |
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| 47 | 47 | | F L O R I D A H O U S E O F R E P R E S E N T A T I V E S |
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| 50 | 50 | | |
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| 51 | 51 | | (b) The premiums charged for sur plus lines coverages for 26 |
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| 52 | 52 | | the peril of flood are not subject to the premium receipts tax 27 |
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| 53 | 53 | | under this section. 28 |
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| 54 | 54 | | Section 2. This act shall take effect July 1, 2022. 29 |
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