The Florida Office of Insurance Regulation (FLOIR) has eliminated emergency assessments on Floridian property insurance policyholders two years earlier than planned.
According to an order issued to Florida Citizens on Monday (9 March), the 1 percent assessment will be eliminated on policies issued or renewed on or after 1 July 2015.
Because the number of policies assessed has grown in recent years, FLOIR said that the bond used to pay the claims has been paid off early.
The collected levy...
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