Florida DOR Proposes Amendments to Insurance Policy Surcharge Rules

The Florida Department of Revenue (DOR) proposed amendments to the rules regarding insurance policy surcharge and related regulations for excise tax purposes. The proposal: 1) removes unnecessary references to specific sections of Florida Statutes; 2) updates on how to obtain forms from the DOR; 3) removes an outdated effective date; 4) clarifies the annual statement required by the Florida Office of Insurance Regulation; and 5) updates reporting line numbers, and a requirement for insurers to file an annual tax return. A public hearing is scheduled for Nov. 4. Comments on the proposed rule are due by Oct. 31. [Fla. Dep’t ...