624.5094 Casualty insurance premiums.—Notwithstanding any statutory provision to the contrary, for the purposes of calculating the annual assessments for the Special Disability Trust Fund under s. 440.49 and expenses of administration under s. 440.51, any amount paid or credited as dividends or premium refunds in the same calendar year by the insurer to its policyholders must be deducted from “net premium,” “net premiums written,” “direct premium,” and “net premium collected” for the calendar year. Such offset for dividends or premium refunds paid or credited for the current year must be applied against the current year’s net premium for that year’s assessment regardless of the policy year for which the dividends or premium refunds are being reimbursed.
History.—s. 7, ch. 97-292.
Section: Previous 624.506 624.507 624.508 624.509 624.5091 624.5092 624.50921 624.5094 624.510 624.5105 624.51055 624.5107 624.511 624.515 624.516 NextLast modified: September 23, 2016