FL – Guidance provided for insurers that pay the state fire marshal regulatory assessment

Guidance is provided for property and casualty insurers that write inland marine insurance and pay the State Fire Marshal Regulatory Assessment on those premiums, for Florida premiums tax purposes.

Schedule X of Form DR-908

Pet insurance was separated from inland marine insurance in the Annual Statements for 2024 and thereafter. Inland marine insurance is shown on Line 9.1 and pet insurance is shown on Line 9.2 on the Florida State Page. For purposes of the Florida State Fire Marshal Regulatory Assessment and Surcharge, insurers are instructed to include only the inland marine premiums shown on Line 9.1 on the inland marine line of Schedule X of Form DR-908.

State Fire Marshal Regulatory Assessment

A State Fire Marshal Regulatory Assessment of 1% (0.01) is imposed on every domestic, foreign, and alien insurer issuing policies of fire insurance in Florida. In addition, each insurer authorized to transact insurance business in Florida must remit a 0.1% (0.001) surcharge on all gross direct fire, allied lines, and multiple peril insurance premiums written on commercial property located within Florida. Tax Information Publication, No. 25B8-01, Florida Department of Revenue, February 12, 2025