Surplus Lines: Depopulation Participation and Its Impact on Non-Primary Residences
- Has a financial strength rating of A- or higher from A.M. Best Company
- Has a Personal Lines residential risk program that is managed by a Florida resident surplus lines broker
- Applies to OIR to participate in the assumption process to offer coverage to applicants for new coverage from Citizens or current policyholders of Citizens through an assumption plan approved by OIR
- Does not, as part of any assumption plan approved by OIR, offer coverage on any Personal Lines residential risk that is a primary residence or has a homestead exemption under chapter 196
- Files rates for review as part of an assumption plan with OIR. The OIR shall review whether the premium is more than 20% greater than the premium for comparable coverage from Citizens.
Provides data to OIR related to coverage and rates in a format promulgated by the commission
PolicyCenter Updates
The Pre-Qualification Questions on the Policy Type Questions screen in PolicyCenter.
PolicyCenter's Pre-Qualification Questions on the Policy Type screen.
Figure 1: PolicyCenter's Pre-Qualification Questions on the Policy Type screen
PolicyCenter's Required Documents screen.
Figure 2: PolicyCenter's Required Documents screen
Application Updates
The following sections of the new-business application are updated to include the approved surplus lines insurer verbiage:
- Pre-Qualification Questions
- Agent’s Certification
Applicant’s Agreement
The application edition date is updated to 07 24.
Performance Violation
When documentation uploaded in PolicyCenter does not meet Citizens’ eligibility requirements for primary residence or non-primary residence, a performance violation will be issued.
Performance Violation Notice: Ineligible Risk
Figure 3: Performance Violation Notice: Ineligible Risk
Resources
Select FAQs on the menu at the top of each page. Enter 20% in the Search field.
- Manuals > Underwriting Guidelines, and the applicable policy type
Required Document Guides
To avoid performance violations, review the Agent Performance Standards Program Guide. Select Training > Performance Standards > Performance Violations.