Overview
What is Florida Market Assistance Plan?
The Florida Market Assistance Plan (FMAP) is a web-based program situated in Tallahassee, Florida, with the mission to connect consumers in need of property insurance with licensed agents and insurers operating within the state. Established in accordance with Florida statute section 627.3515, FMAP aims to help consumers who struggle to obtain property and casualty insurance coverage from authorized insurers within the private market. By facilitating these connections, FMAP assists individuals who would otherwise be unable to secure such insurance, given that it is generally available from insurers operating in Florida.
Official website here: www.fmap.org
Is Florida Market Assistance Plan legitimate?
Florida Market Assistance Plan is a legitimate nonprofit organization registered as a 501(c)(6) entity. Florida Market Assistance Plan submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.fmap.org
What is the mission statement of Florida Market Assistance Plan?
The Florida Market Assistance Plan, as outlined in the Florida Statutes, is established with the mission to assist consumers who struggle to obtain property and casualty insurance coverage from authorized insurers in the private market. According to Section 627.3515(1) of the FL Statutes, the plan's purpose is to aid applicants who cannot procure property insurance as defined in Section 624.605 or casualty insurance in specific subsections of the same section. The plan steps in when such insurance is generally available from authorized insurers operating in Florida.
Official website here: www.fmap.org
Who is the CEO of Florida Market Assistance Plan?
Carlos Beruff is the Chairman of Florida Market Assistance Plan.
Official website here: www.fmap.org
What is the revenue of Florida Market Assistance Plan?
Florida Market Assistance Plan's revenue in 2022 was $260,550.
Official website here: www.fmap.org
Who are the executives of Florida Market Assistance Plan and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.fmap.org
Where can I find the form 990 for Florida Market Assistance Plan?
Florida Market Assistance Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fmap.org
Learn more at the official website: www.fmap.org
Mission Statement of Florida Market Assistance Plan
The Florida Market Assistance Plan, abbreviated as FMAP, is a mission-driven organization established to fulfill Florida statute section 627.3515. Its primary purpose is to assist consumers who encounter challenges in obtaining property and casualty insurance coverage from authorized insurers in the private market. As per section 627.3515(1), FL Statutes, FMAP's role is to facilitate the placement of risks for applicants who struggle to procure property insurance as defined in Section 624.605, or casualty insurance as defined in Sections 624.605 (1)(b), (e), (f), (g), or (h), FL Statutes. When such insurance is generally available from insurers authorized to transact and actively writing that kind and class of insurance in Florida, FMAP steps in to help.
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Impact
October, 2024
The Florida Market Assistance Plan (FMAP) plays a crucial role in facilitating access to property and casualty insurance for consumers who struggle to find coverage in the private market. By implementing Florida statute section 627.3515, FMAP helps individuals who are unable to secure insurance from authorized insurers, ensuring that they have a pathway to obtain necessary coverage.
Through its web-based platform, FMAP effectively matches consumers seeking property insurance with licensed agents and insurers that are actively offering coverage in Florida. This streamlined approach reduces the complexity and frustration often associated with locating suitable insurance options, thereby enhancing consumer confidence and security.
The impact of FMAP is particularly significant for those whose insurance needs are not otherwise met by the prevailing market. By serving as a bridge between consumers and authorized insurance providers, FMAP assists in placing risks for applicants who otherwise might find themselves uninsured or without adequate protection against property and casualty risks. This not only supports individual consumers but also contributes to the overall stability and resilience of Florida’s insurance market.
This information is meant to be a general summary of Florida Market Assistance Plan. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $260,550
- Gross Receipts: $260,550
Assets and Liabilities:
- Total Assets: $877,103
- Total Liabilities: $42,065
- Net Assets: $835,038
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Assessments
Revenue
$260,550
Organization Details
Founding Year
1985
Phone
(800) 524-9023Principal Officer
Carlos Beruff
Main Address
2101 Maryland Circle, Tallahassee, FL, 32303
Website
www.fmap.orgNTEE Category
Code: Y20 - Mutual benefit
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