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Study For The NCAA Coaches Test. Prepare With Multiple Choice Questions, Each With Hints And Explanations. Gear Up For Your Exam!

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What is the current Florida surplus lines premium tax rate that the surplus lines agent collects from the insured and remits to the state through the FSLSO?
Correct Answer:
4.94%
Explanation:
Surplus lines tax is 4.94% plus a 0.06% service fee paid by the insured to the surplus lines agent, who remits to the FSLSO. For policies with an effective date on or after July 1, 2020, the tax rate is 4.94%.

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