(1) In addition to the license taxes provided for in this chapter, each insurer shall also annually, and on or before March 1 in each year, except as to wet marine and transportation insurance taxed under s. 624.510, pay to the Department of Revenue a tax on insurance premiums, premiums for title insurance, or assessments, including membership fees and policy fees and gross deposits received from subscribers to reciprocal or interinsurance agreements, and on annuity premiums or considerations, received during the preceding calendar year, the amounts thereof to be determined as set forth in this section, to wit:
(a) An amount equal to 1.75 percent of the gross amount of such receipts on account of life and health insurance policies covering persons resident in this state and on account of all other types of policies and contracts, except annuity policies or contracts taxable under paragraph (b) and bail bond policies or contracts taxable under paragraph (c), covering property, subjects, or risks located, resident, or to be performed in this state, omitting premiums on reinsurance accepted, and less return premiums or assessments, but without deductions:
1. For reinsurance ceded to other insurers;
2. For moneys paid upon surrender of policies or certificates for cash surrender value;
3. For discounts or refunds for direct or prompt payment of premiums or assessments; and
4. On account of dividends of any nature or amount paid and credited or allowed to holders of insurance policies; certificates; or surety, indemnity, reciprocal, or interinsurance contracts or agreements;
(b) An amount equal to 1 percent of the gross receipts on annuity policies or contracts paid by holders thereof in this state; and
(c) An amount equal to 1.75 percent of the direct written premiums for bail bonds, excluding any amounts retained by licensed bail bond agents or appointed managing general agents.
(2) Payment by the insurer of the license taxes and premium receipts taxes provided for in this part of this chapter is a condition precedent to doing business within this state.
(3) Notwithstanding other provisions of law, the distribution of the premium tax and any penalties or interest collected thereunder shall be made to the General Revenue Fund in accordance with rules adopted by the Department of Revenue and approved by the Administration Commission.
(4) The income tax imposed under chapter 220 which is paid by any insurer shall be credited against, and to the extent thereof shall discharge, the liability for tax imposed by this section for the annual period in which such tax payments are made. As to any insurer issuing policies insuring against loss or damage from the risks of fire, tornado, and certain casualty lines, the tax imposed by this section, as intended and contemplated by this subsection, shall be construed to mean the net amount of such tax remaining after there has been credited thereon such gross premium receipts tax as may be payable by such insurer in pursuance of the imposition of such tax by any incorporated cities or towns in the state for firefighters’ relief and pension funds and police officers’ retirement funds maintained in such cities or towns, as provided in and by relevant provisions of the Florida Statutes. For purposes of this subsection, payments of estimated income tax under chapter 220 shall be deemed paid either at the time the insurer actually files its annual returns under chapter 220 or at the time such returns are required to be filed, whichever first occurs, and not at such earlier time as such payments of estimated tax are actually made.
(5)(a)1. There shall be allowed a credit against the net tax imposed by this section equal to 15 percent of the amount paid by an insurer in salaries to employees located or based within this state and who are covered by the provisions of chapter 443.
2. As an alternative to the credit allowed in subparagraph 1., an affiliated group of corporations which includes at least one insurance company writing premiums in Florida may elect to take a credit against the net tax imposed by this section in an amount that may not exceed 15 percent of the salary of the employees of the affiliated group of corporations who perform insurance-related activities, are located or based within this state, and are covered by chapter 443. For purposes of this subparagraph, the term “affiliated group of corporations” means two or more corporations that are entirely owned directly or indirectly by a single corporation and that constitute an affiliated group as defined in s. 1504(a) of the Internal Revenue Code. The amount of credit allowed under this subparagraph is limited to the combined Florida salary tax credits allowed for all insurance companies that were members of the affiliated group of corporations for the tax year ending December 31, 2002, divided by the combined Florida taxable premiums written by all insurance companies that were members of the affiliated group of corporations for the tax year ending December 31, 2002, multiplied by the combined Florida taxable premiums of the affiliated group of corporations for the current year. An affiliated group of corporations electing this alternative calculation method must make such election on or before August 1, 2005. The election of this alternative calculation method is irrevocable and binding upon successors and assigns of the affiliated group of corporations electing this alternative. However, if a member of an affiliated group of corporations acquires or merges with another insurance company after the date of the irrevocable election, the acquired or merged company is not entitled to the affiliated group election and shall only be entitled to calculate the tax credit under subparagraph 1.
In no event shall the salary paid to an employee by an affiliated group of corporations be claimed as a credit by more than one insurer or be counted more than once in an insurer’s calculation of the credit as described in subparagraph 1. or subparagraph 2. Only the portion of an employee’s salary paid for the performance of insurance-related activities may be included in the calculation of the premium tax credit in this subsection.
(b) For purposes of this subsection:
1. The term “salaries” does not include amounts paid as commissions.
2. The term “employees” does not include independent contractors or any person whose duties require that the person hold a valid license under the Florida Insurance Code, except adjusters, managing general agents, and service representatives, as defined in s. 626.015.
3. The term “net tax” means the tax imposed by this section after applying the calculations and credits set forth in subsection (4).
4. An affiliated group of corporations that created a service company within its affiliated group on July 30, 2002, shall allocate the salary of each service company employee covered by contracts with affiliated group members to the companies for which the employees perform services. The salary allocation is based on the amount of time during the tax year that the individual employee spends performing services or otherwise working for each company over the total amount of time the employee spends performing services or otherwise working for all companies. The total amount of salary allocated to an insurance company within the affiliated group shall be included as that insurer’s employee salaries for purposes of this section.
a. Except as provided in subparagraph (a)2., the term “affiliated group of corporations” means two or more corporations that are entirely owned by a single corporation and that constitute an affiliated group of corporations as defined in s. 1504(a) of the Internal Revenue Code.
b. The term “service company” means a separate corporation within the affiliated group of corporations whose employees provide services to affiliated group members and which are treated as service company employees for reemployment assistance or unemployment compensation and common law purposes. The holding company of an affiliated group may not qualify as a service company. An insurance company may not qualify as a service company.
c. If an insurance company fails to substantiate, whether by means of adequate records or otherwise, its eligibility to claim the service company exception under this section, or its salary allocation under this section, no credit shall be allowed.
5. A service company that is a subsidiary of a mutual insurance holding company, which mutual insurance holding company was in existence on or before January 1, 2000, shall allocate the salary of each service company employee covered by contracts with members of the mutual insurance holding company system to the companies for which the employees perform services. The salary allocation is based on the ratio of the amount of time during the tax year which the individual employee spends performing services or otherwise working for each company to the total amount of time the employee spends performing services or otherwise working for all companies. The total amount of salary allocated to an insurance company within the mutual insurance holding company system shall be included as that insurer’s employee salaries for purposes of this section. However, this subparagraph does not apply for any tax year unless funds sufficient to offset the anticipated salary credits have been appropriated to the General Revenue Fund prior to the due date of the final return for that year.
a. The term “mutual insurance holding company system” means two or more corporations that are subsidiaries of a mutual insurance holding company and in compliance with part IV of chapter 628.
b. The term “service company” means a separate corporation within the mutual insurance holding company system whose employees provide services to other members of the mutual insurance holding company system and are treated as service company employees for reemployment assistance or unemployment compensation and common-law purposes. The mutual insurance holding company may not qualify as a service company.
c. If an insurance company fails to substantiate, whether by means of adequate records or otherwise, its eligibility to claim the service company exception under this section, or its salary allocation under this section, no credit shall be allowed.
(c) The department may adopt rules pursuant to ss. 120.536(1) and 120.54 to administer this subsection.
(6)(a) The total of the credit granted for the taxes paid by the insurer under chapter 220 and the credit granted by subsection (5) may not exceed 65 percent of the tax due under subsection (1) after deducting therefrom the taxes paid by the insurer under ss. 175.101 and 185.08 and any assessments pursuant to s. 440.51.
(b) To the extent that any credits granted by subsection (5) remain as a result of the limitation set forth in paragraph (a), such excess credits related to salaries and wages of employees whose place of employment is located within an enterprise zone created pursuant to chapter 290 may be transferred, in an aggregate amount not to exceed 25 percent of such excess salary credits, to any insurer that is a member of an affiliated group of corporations, as defined in sub-subparagraph (5)(b)4.a., that includes the original insurer qualifying for the credits under subsection (5). The amount of such excess credits to be transferred shall be calculated by multiplying the amount of such excess credits by a fraction, the numerator of which is the sum of the salaries qualifying for the credit allowed by subsection (5) of employees whose place of employment is located in an enterprise zone and the denominator of which is the sum of the salaries qualifying for the credit allowed by subsection (5). Any such transferred credits shall be subject to the same provisions and limitations set forth within part IV of this chapter. The provisions of this paragraph do not apply to an affiliated group of corporations that participate in a common paymaster arrangement as defined in s. 443.1216.
1(7) Credits and deductions against the tax imposed by this section shall be taken in the following order: deductions for assessments made pursuant to s. 440.51; credits for taxes paid under ss. 175.101 and 185.08; credits for income taxes paid under chapter 220 and the credit allowed under subsection (5), as these credits are limited by subsection (6); the credit allowed under s. 624.51057; the credit allowed under s. 624.51058; the credit allowed under s. 624.5107; the credit allowed under s. 624.51059; the credit allowed under s. 288.062; all other available credits and deductions.
(8) The premium tax authorized by this section may not be imposed on:
(a) Any portion of the title insurance premium, as defined in s. 627.7711, retained by a title insurance agent or agency.
(b) Receipts of annuity premiums or considerations paid by holders in this state if the tax savings derived are credited to the annuity holders. Upon request by the Department of Revenue, an insurer availing itself of this provision shall submit to the department evidence that establishes that the tax savings derived have been credited to annuity holders. As used in this paragraph, the term “holders” includes employers contributing to an employee’s pension, annuity, or profit-sharing plan.
(9) As used in this section “insurer” includes any entity subject to the tax imposed by this section.
“(1) The Department of Revenue is authorized, and all conditions are deemed met, to adopt emergency rules under s. 120.54(4), Florida Statutes, for the purpose of implementing provisions related to the Live Local Program created by this act. Notwithstanding any other law, emergency rules adopted under this section are effective for 6 months after adoption and may be renewed during the pendency of procedures to adopt permanent rules addressing the subject of the emergency rules.
“(1) The Department of Revenue is authorized, and all conditions are deemed met, to adopt emergency rules pursuant to s. 120.54(4), Florida Statutes, to implement the amendments made by this act to ss. 206.9931, 212.05, 212.054, 213.21, 213.67, 220.03, 220.19, 220.1915, 624.509, and 624.5107, Florida Statutes, and the creation by this act of ss. 211.0254, 212.1835, 220.1992, 402.261, and 561.1214, Florida Statutes. Notwithstanding any other provision of law, emergency rules adopted pursuant to this subsection are effective for 6 months after adoption and may be renewed during the pendency of procedures to adopt permanent rules addressing the subject of the emergency rules.
“(2) This section shall take effect upon this act becoming a law and expires July 1, 2027.”
C. Section 67, ch. 2025-208, provides that “[t]he Department of Revenue and the Department of Commerce are authorized, and all conditions are deemed met, to adopt emergency rules under s. 120.54(4), Florida Statutes, for the purpose of implementing provisions related to the Rural Community Investment Program. Notwithstanding any other law, emergency rules adopted under this section are effective for 6 months after adoption and may be renewed during the pendency of procedures to adopt permanent rules addressing the subject of the emergency rules.”
Cited 12 times | Published | Supreme Court of Florida | 1992 WL 171313
...Kenneth R. Hart, Steven P. Seymoe and Robert A. Pierce of Ausley, McMullen, McGehee, Carothers & Proctor, Tallahassee, for appellees/cross appellants. KOGAN, Justice. We have on appeal a judgment declaring Florida's insurance premium tax scheme, sections 624.509, .512, .514, Florida Statutes, as it existed prior to July 1, 1988, [1] unconstitutional under the Equal Protection and Due Process Clauses of the Fourteenth Amendment of the United States Constitution and the Due Process Clause of the Florida Constitution....
...We have jurisdiction pursuant to article V, section 3(b)(5) of the Florida Constitution. We reverse that portion of the judgment declaring the premium tax unconstitutional but affirm that portion upholding the retaliatory tax. Prior to July 1, 1988, [2] section 624.509(1)(a) [3] *64 imposed a two percent tax on gross premiums collected on certain insurance policies written in this state....
...da law, maintained their home offices in Florida, and complied with the requirements of sections 628.271 and 628.281 by maintaining their records and assets in Florida. Section 624.514 [5] granted a fifty percent reduction in the tax rate imposed by section 624.509 to insurers organized under the laws of other jurisdictions that elected to own and maintain a regional home office in Florida and to keep therein certain records pertaining to their activities within the state....
...Western & Southern Life, 451 U.S. at 672-73, 101 S.Ct. at 2085. Accordingly, having determined that Florida's premium tax scheme was rationally related to a legitimate state purpose, we reverse the judgment of the trial court to the extent that it finds sections 624.509, .512, .514 invalid under the United States and Florida Constitutions....
...e tax is due, or such return is filed, whichever occurs later. In light of this provision, the proposed assessments of premium tax for the years 1983 and 1984 are likewise barred. Accordingly, we reverse that portion of the judgment finding sections 624.509, .512, .514, Florida Statutes (1983-1987), unconstitutional....
...thority of Western & Southern Life Insurance Co. v. State Board of Equalization, 451 U.S. 648, 101 S.Ct. 2070, 68 L.Ed.2d 514 (1981). However, I respectfully dissent from the majority's holding that the premium tax structure provided for in sections 624.509, .512, .514, Florida Statutes, as it existed prior to July 1, 1988, is constitutional....
...OVERTON, J., concurs. NOTES [1] The tax scheme at issue was repealed effective July 1, 1988 by chapter 87-99, § 32, Laws of Fla. [2] The 1987 versions of the statutes at issue, which are substantially the same as prior versions, will be used in this opinion. [3] Section 624.509, Florida Statutes (1987), provided in pertinent part: 624.509 Premium tax; rate and computation....
... (1)(a) An insurer which is organized and existing under the laws of this state and which maintains its home office in this state shall not be required to pay the tax on insurance and annuity premiums, assessments, or considerations as imposed under ss. 624.509 and 624.510, except as provided in s....
...[5] Section 624.514, Florida Statutes (1987), provided in pertinent part: 624.514 Regional home offices of foreign insurers; credits on premium tax liability. (1) A foreign or alien insurer formed by or under the laws of any other state or foreign country which is subject to the taxes imposed by ss. 624.509 and 624.510 and which owns and substantially occupies any building in this state as a regional home office, as defined in subsection (2), shall be entitled to a credit against such tax in an amount equal to 50 percent of the amount of the tax as determined under such sections......
...estrictions of whatever kind shall be imposed by the department upon the insurers, or upon the agents or representatives of such insurers, of such other state or country doing business or seeking to do business in this state. [13] Currently found in section 624.5091, Florida Statutes (1991).
Cited 5 times | Published | Florida 1st District Court of Appeal | 1995 WL 518802
...corporate income and emergency excise taxes owed for the tax years 1984-1987 pursuant to the audit should be considered offset by Kemper's payment of the identical amounts as insurance premium taxes for the corresponding years 1985-1988 pursuant to section 624.509(4), Florida Statutes (1991)....
...The Department frames the issue on appeal in accord with its arguments which were rejected by the court below. Here, as below, DOR asserts that the issue on appeal is whether Kemper's October 6, 1992, payment of corporate income and emergency excise taxes gave rise to a credit within the contemplation of section 624.509(4), Florida Statutes (1991), to be applied retroactively against Kemper's insurance premium taxes paid for the corresponding tax years 1985-1988....
...additional tax monies from Kemper when it is undisputed that the deficiency in payment of chapter 220 and 221 taxes was offset dollar for dollar by a corresponding increase in payment of Kemper's insurance premium taxes during the appropriate years. Section 624.509(4) provides in relevant part as follows: The ......
...y any insurer shall be credited against, and to the extent thereof shall discharge, the liability for tax imposed by this section for the annual period in which such tax payments are made. (Emphasis added.) The Department argues that the language of section 624.509(4) is plain and unambiguous, and as applied to the undisputed facts of the instant case, means that Kemper could only take the credit for the payment of additional corporate income and emergency excise taxes in 1992, the year "in which" the additional taxes were paid pursuant to the trial court's order....
...Kemper filed corporate income and emergency excise returns and paid the taxes shown due by these returns for the years 1984-1987, inclusive. Kemper also filed its insurance premium tax returns for the years 1985-1988, inclusive, and paid the taxes shown due by these returns, after taking credit under section 624.509 for the corporate income and emergency excise taxes due for the years above stated....
...iven that leads to an unreasonable or ridiculous conclusion or a purpose not intended by the legislature. See, Smith v. Ryan, 39 So.2d 281 (Fla. 1949), and cases therein cited. The obvious legislative policy and intent behind the credit provision of section 624.509 is that to the extent an insurance corporation pays corporate income and emergency excise taxes it is not required to pay insurance premium taxes....
...is not the province of the Department to create additional penalties and forfeitures for the taxpayer, or windfalls for the state. As we view the statute, and so, apparently, as did the trial judge, there is a logical and rational interpretation of section 624.509(4) that satisfies the obvious legislative intent, caused no loss of revenue for the state, creates no windfall for the state, and avoids an unintended forfeiture of funds for a taxpayer acting in good faith....
...We view these amendments as remedial legislation, and therefore applicable to the resolution of the case before us. See, Arrow Air, Inc. v. Walsh, 645 So.2d 422, 424 (Fla. 1994); Walker & LaBerge, Inc. v. Halligan, 344 So.2d 239, 241-242 (Fla. 1977). Reading section 213.34(4) in pari materia with section 624.509(4) and the refund provisions to which section 213.34(4) refers, in the light of the principles stated and the arguments and contentions discussed above, leads us to conclude that the Department was not authorized to create a tax defic...
...Discussion of this defense is noticeably absent from its briefs and argument in this court. [4] We have not overlooked DOR's reliance upon Opinion of the Attorney General, 82-67 (1982) which contains language appearing to support its interpretation of section 624.509(4)....
...The Administrative Code states that “[p]er-policy fees charged under Section 626.7451(11), F.S., by licensed managing general agents fall under the definition of ‘premiums’ as defined in Section 627.403, F.S., and are subject to premium tax as set forth in Section 624.509, F.S.” Fla....
...Randy Miller Executive Director Department of Revenue Carlton Building Tallahassee, Florida 32301 Dear Mr. Miller: This is in response to your request for an opinion on substantially the following question: TO WHICH ANNUAL PERIOD OF THE INSURANCE PREMIUM TAX SHOULD THE CORPORATE INCOME TAX CREDIT OF s 624.509 (4), F.S., BE APPLIED? Under s 624.509 (3), F.S., the annual return for insurance premium tax is due on or before March 1 of the following year....
...Thus, the insurance premium tax for 1981 is due on or before March 1, 1982. Under s 220.222 (1), F.S., the annual return for corporate income tax is usually due on or before April 1 of the following year. Thus, the corporate income tax for 1981 is usually due on or before April 1, 1982. Section 624.509 (1), F.S., as amended by s 69 of Ch....
...es and gross deposits received from subscribers to reciprocal or interinsurance agreements, and on annuity premiums or considerations, received during the preceding calendar year, the amounts thereof to be determined as hereinafter set forth . . . . Section 624.509 (4), F.S., as amended, in pertinent part provides that the income tax imposed under Ch. 220 , F.S., which is paid by any insurer shall be credited against, and to the extent thereof shall discharge, the liability for the tax imposed by s 624.509 , F.S., for the annual period in which the income tax payment is made....
...r whether the corporate income tax credit of 1982 could be applied to the 1982 insurance premium tax if the corporate income tax return were filed and paid earlier than March 1, the due date of the insurance premium tax. It must be remembered that s 624.509 (4), F.S., provides only a credit upon an otherwise existing tax obligation and thus constitutes an exception to the general insurance premium tax....
...Fla., 1967); Alligood v. Florida Real Estate Commission, 156 So.2d 705 (2 D.C.A. Fla., 1963); State v. Egan, 287 So.2d 1 (Fla. 1973). In conclusion, therefore, and unless or until legislatively or judicially clarified or determined otherwise, I am of the view that s 624.509 (4), F.S., provides a credit for the annual (calendar year) period in which the income tax payment is made....
...reflected on the insurance premium tax return filed on March 1, 1984. Further, I am of the opinion that it does not matter what month in 1983 the corporate income tax is paid. The credit against the liability for insurance premium tax provided by s 624.509 (4), F.S., is for the annual period in which , the corporate income tax is paid....
KAHN, Judge. American Southern Insurance Company (American Southern) appeals from a final judgment in favor of the Department of Revenue (Department) involving the Department’s construction and application of section 624.5091(1), Florida Statutes (1991)....
...do business in Florida. In June 1990, the Department issued a notice of intent to audit American Southern for the taxable years 1985 through 1989. On June 12,1992, pursuant to the audit, the Department assessed a retaliatory tax of $1,349,604 under section 624.5091(1), Florida Statutes (1991)....
...In December 1992, American Southern filed a complaint for declaratory and injunc-tive relief in circuit court, contesting the remaining assessment of $866,788 in retaliatory tax. American Southern challenged the assessment as contrary to the intent and purpose of section 624.5091 and, in the alternative, asserted that the statute, as applied, violated equal protection rights under the Florida and federal constitutions. Specifically, American Southern challenged the Department’s calculation of the tax based on its construction of the term “similar insurer” contained in section 624.5091(1)....
...Under the Georgia statute, if an insurer invests at least 75% of its nonfederal assets in Georgia property, Georgia reduces the amount of gross premium tax the insurer owes from 4.75% to 3%. See § 33-8-5, Ga.Code Ann. The Florida rate is effectively 1.75%. See § 624.509(l)(a), Fla.Stat....
...can Southern. On April 6, 1994, the circuit court entered a final judgment granting American Southern’s motion for summary judgment and declining to reach the constitutional issues. On April 12, 1994, the Florida Legislature passed a bill amending section 624.5091 to include a definition of “similar insurer” at subsection (4)....
...The Department also filed a motion for summary judgment on rehearing. The circuit court denied both motions and, after a bench trial on the disputed factual issues, entered final judgment in favor of the Department. American Southern has appealed, asserting that the Department’s construction and application of section 624.5091(1) is erroneous as a matter of law. II. Department’s Construction Constitutes a Valid Interpretation and Application of Statute The retaliatory tax statute, section 624.5091(1), Florida Statutes (1991), provides in pertinent part: When by or pursuant to the laws of any other state or foreign country any taxes, licenses, and other fees, in the aggregate, ......
...As the trial court explained, the Department’s interpretation simply fails to reward American Southern for investing in Georgia property: The basic requirement of the retaliatory tax statute is to create a level playing field by discouraging excessive taxes or other burdens. § 624.5091(1), Florida Statutes....
...xas insurer. Atlantic Ins. Co., 62 Cal.Rptr. at 790 , 255 Cal.App.2d 1 ; Republic Ins., 138 N.W.2d at 781-82 ; Employers Casualty, 107 P.2d at 717-18 . 4 *816 We do not reach American Southern’s contention that the definition of similar insurer in section 624.5091(4), Florida Statutes (Supp.1994), may not be applied retroactively to the years in question. For the reasons set out in part II of this opinion, the Department’s construction of section 624.5091(1) is valid irrespective of the 1994 amendment. AFFIRMED. BARFIELD and ALLEN, JJ., concur. . Section 624.5091(1), Florida Statutes (1991), provides in pertinent part: When by or pursuant to the laws of any other state or foreign country any taxes, licenses, and other fees, in the aggregate, ......
...in force or are so applied, the same taxes, licenses, and other fees, in the aggregate, ... shall be imposed by the Department of Revenue upon the insurers ... of such other state or country doing business or seeking to do business in this state. . Section 624.5091(4), Florida Statutes (Supp....
QUESTION: Is the insurance business written through the Florida Medical Malpractice Joint Underwriting Association subject to the premium tax provided in s. 624.509 , F. S.? SUMMARY: Insurance business written through the Florida Medical Malpractice Joint Underwriting Association as insurer is not subject to the premium tax imposed under s. 624.509 , F....
...The association created to implement the legislation is a nonprofit entity whose members are domestic insurance corporations, foreign insurance corporations, foreign insurance corporations having regional home offices in Florida and self-insuring groups of varying organizational characteristics. Section 624.509 (1), F....
...— Insurers organized and existing under the laws of this state, and which insurers maintain their home office in this state, shall not be required to pay the tax on insurance and annuity premiums, assessments or considerations as imposed under ss. 624.509 and 624.510 , except as provided in s. 624.513. (Emphasis supplied.) Thus, the question posed is whether or not the joint underwriting association (JUA) created under s. 14 of Ch. 75-9, Laws of Florida, is required to pay the premium tax imposed under s. 624.509 (1), F....
...eing written by the various members as insurers. Thus, the JUA is the insurer, and since the requirements of the exemption statute, s. 624.512, F. S., are otherwise met, insurance written by the JUA would be exempt from the premium tax imposed under s. 624.509 , F....
This Florida statute resource is curated by Graham W. Syfert, Esq., a Jacksonville, Florida personal injury and workers' compensation attorney. Attorney Syfert regularly works with Chapter 624 in the context of insurance disputes and represents clients throughout Northeast Florida. For legal consultation, call 904-383-7448.
