Florida Excess Profit Insurance Form

I also acknowledge that i understand that this data is being provided in accordance with section.

Florida excess profit insurance form. A the full amount of insurance required must not be procurable after a diligent effort has been made by the producing agent to do so from among the insurers authorized to transact and actually writing that kind and class of insurance in this state and the amount of insurance exported shall be only the excess over the amount so procurable from authorized insurers. In turbotax you can report it under casualties and thefts which can be found under deductions credits. 9 any excess profit of an insurance company offering motor vehicle insurance shall be returned to policyholders in the form of a cash refund or a credit towards the future purchase of insurance. The department is working in collaboration with other state and local officials to ensure the safety of our employees and community.

10 a cash refunds to policyholders may be rounded to the nearest dollar. That the information on the private passenger automobile excessive profits reporting form di4 307 is a full and true statement of the experience of the said insurer and that the form has been completed in accordance with instructions provided. You report the gain from the excess insurance proceeds on form 4684 which shows up under other gains on schedule 1 of form 1040. 10 a cash refunds to policyholders may be rounded to the nearest dollar.

Form dr 908 is due yearly by march 1. Florida s first source for surplus lines news and information. Insurance premium tax is reported by insurers including authorized domestic foreign and alien insurers who enter into insurance or annuity contracts in florida using an insurance premium taxes and fees return form dr 908. 2012 213 florida laws eliminated workers compensation from the excessive profits statutes section 627 215 f s thus workers compensation insurers are no longer required to file form oir b1 15 florida workers compensation excess profits reporting form beginning with the forms that would have been due on july 1 2012.

Instructions form dr 908n are available. Section 626 9371 florida statutes was added and states 1 the premiums for surplus lines insurance contracts issued on or after october 1 2009 in this state or covering risks located in this state shall be paid in cash consisting of coins currency checks or money orders or by using a debit card credit card automatic electronic funds. 9 any excess profit of an insurance company offering motor vehicle insurance shall be returned to policyholders in the form of a cash refund or a credit towards the future purchase of insurance.