2012 Florida Insurance Guaranty Association Assessments
octubre 05, 2015 - ATB #009-15
Citizens has made changes to the recoupment of the Florida Insurance Guaranty Association (FIGA) assessments as outlined below:
2012 FIGA Regular Assessment
The recoupment of the 2012 FIGA regular assessment, which ended on July 31, 2015, for commercial lines policies and August 31, 2015, for personal lines policies, will be reinstated for policies that are issued or renewed on or after December 1, 2015.
- Commercial lines will be reinstated with a new factor of 0.0010 (or 0.10 percent).
- Personal lines will be reinstated with a new factor of 0.0030 (or 0.30 percent).
Note: The assessment does not apply to Citizens Homeowners 8 – Modified Coverage Form (CIT HO-8) policies.
The assessments, which will be noted on Declarations pages under the additional charges section, will be applied to all new and renewal policies for approximately one year or until the assessed amount is collected, whichever comes first.
For more information regarding FIGA, visit www.figafacts.com.
Agent Bulletins are provided for historical purposes only and have not been updated to include any changes that may have been made after publication. Agents can find the latest information by reviewing the applicable underwriting manuals and by logging in, then selecting Search → Search Frequently Asked Questions.