20170103 - Reinstatement of 2012 Florida Insurance Guaranty Association Assessment - PL - Public
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Reinstatement of 2012 Florida Insurance Guaranty Association Assessment
January 03, 2017
Citizens’ recoupment of the 2012 Florida Insurance Guaranty Association (FIGA) assessment, which was scheduled to end on January 9, 2017, is not complete. As a result, the Office of Insurance Regulation (OIR) has approved reinstating the assessment for new and renewal policies effective on or after March 1, 2017.
- Will be reinstated with a new factor of .0014 (or 0.14 percent)
- Excludes Citizens Homeowners 8 – Modified Coverage Form (CIT HO-8) policies
- Is scheduled to be collected for one year
- Will have a minimum charge of $1
The 2012 Florida Insurance Guaranty Association Regular Assessment will be listed on Declarations pages under the additional charges section.
Rating worksheets and manuals have been updated as needed on the Agents site. Once you log in, go to the Personal section, click a product line on the left side of the page, then click one of the policy forms. Select Rating Worksheets from the center column menu or the latest manual in the right column.
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.