Tax Estimator
Pursuant to HB 7097, the surplus lines premium tax rate was reduced from 5% to 4.94% on all policies effective July 1, 2020 and after. Multistate policies are charged 4.94% tax on the entire premium, but will still require a premium allocation of Florida and Non-Florida.
*Please note, this estimator should not be used for independently procured coverage (IPC) policies. The IPC tax rate remains at 5%.
DISCLAIMER:
Please be advised that these figures should be used as estimates only. SL Agent Policy Fees are considered premium and will be included in the tax/fee/assessment computations. Surplus Lines Agents and IPC filers should refer to quarterly invoices for the actual tax, fee and assessment amounts due.