Overview
What is Florida Surplus Lines Service Office Inc?
Florida Surplus Lines Service Office Inc, based in Tallahassee, Florida, primarily serves as a facilitator for compliance and provides assistance in the Surplus Lines Marketplace. They are responsible for assessing and collecting Surplus Lines Tax for the state of Florida. Furthermore, they assist consumers in locating property and casualty insurance, as well as other hard-to-place coverages within the state. To maintain credibility within the Surplus Lines Market, they operate an Agent's Compliance Review Program. They also offer continuing education courses and training programs for insurance agents and professionals. Lastly, they provide access to comprehensive information on various aspects of the Surplus Lines Marketplace, including regulatory processes, distribution systems, and financial analysis. Their mission is to protect their customers' interests by facilitating compliance and providing assistance and information regarding the Florida Surplus Lines Marketplace, with a total of 33 employees.
Official website here: www.fslso.com
Is Florida Surplus Lines Service Office Inc legitimate?
Florida Surplus Lines Service Office Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Florida Surplus Lines Service Office Inc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $555,278
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,307,947
For more financial information, click here
Official website here: www.fslso.com
What is the mission statement of Florida Surplus Lines Service Office Inc?
Florida Surplus Lines Service Office Inc's mission is centered around serving and protecting the interests of its clients. It does this by facilitating compliance and providing assistance and information regarding the Florida Surplus Lines Marketplace. The organization's primary role involves assessing and collecting surplus lines tax for the state of Florida. It also helps consumers locate property and casualty insurance, as well as hard-to-place conversions within the state. Furthermore, Florida Surplus Lines Service Office Inc offers continuing education courses and training programs for insurance agents and professionals. The agency operates an Agent's Compliance Review Program, designed to promote credibility within the surplus lines market. Lastly, the office provides access to comprehensive information on all aspects of the Surplus Lines Marketplace, including regulatory processes, distribution systems, and financial analysis.
Official website here: www.fslso.com
Who is the CEO of Florida Surplus Lines Service Office Inc?
Mark Shealy is the Secretary/Treasurer of Florida Surplus Lines Service Office Inc.
Official website here: www.fslso.com
What is the revenue of Florida Surplus Lines Service Office Inc?
Florida Surplus Lines Service Office Inc's revenue in 2022 was $11,156,832.
Official website here: www.fslso.com
Who are the executives of Florida Surplus Lines Service Office Inc and what are their salaries?
The average compensation at Florida Surplus Lines Service Office Inc during 2022 was $86,764. There are 33 employees and 9 volunteers at Florida Surplus Lines Service Office Inc.
Here are 16 key members and their salaries:
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- Compensation: $322,933
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- Compensation: $134,421
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- Compensation: $142,018
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- Compensation: $155,260
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- Other: $35,496
- Compensation: $143,368
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- Other: $18,128
Official website here: www.fslso.com
Where can I find the form 990 for Florida Surplus Lines Service Office Inc?
Florida Surplus Lines Service Office Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fslso.com
Learn more at the official website: www.fslso.com
Mission Statement of Florida Surplus Lines Service Office Inc
Florida Surplus Lines Service Office Inc, abbreviated as FSLSO, is dedicated to serving and safeguarding the interests of its customers by facilitating compliance and providing assistance and information regarding the Florida Surplus Lines Marketplace. The organization's primary mission is to ensure compliance in the surplus lines market by assessing and collecting surplus lines tax for the state of Florida. Furthermore, FSLSO assists consumers in locating property and casualty insurance, as well as other hard-to-place conversions, within the state of Florida.
Beyond its regulatory role, FSLSO also offers continuing education courses and training programs to insurance agents and professionals to promote credibility within the surplus lines market. The organization operates the Agent's Compliance Review Program, which is designed to enhance the credibility of agents operating in the surplus lines market. Additionally, FSLSO provides access to comprehensive information on all aspects of the surplus lines marketplace, including regulatory processes, distribution systems, and financial analysis. This wealth of information is invaluable to insurance agents, professionals, and consumers alike, helping them navigate the complex world of surplus lines insurance.
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Impact
October, 2024
Florida Surplus Lines Service Office Inc plays a crucial role in the state’s insurance landscape by facilitating compliance and providing vital assistance and information regarding the surplus lines marketplace. It ensures effective assessment and collection of surplus lines tax for Florida, which supports the state's regulatory framework and financial stability.
The organization assists consumers in locating property and casualty insurance, particularly for hard-to-place coverages, thereby addressing gaps in the insurance market. Additionally, it offers continuing education courses and training programs tailored for insurance agents and professionals, enhancing their knowledge and skills within this specialized area of insurance.
Through the Agent's Compliance Review Program, the organization promotes credibility among surplus lines agents, ensuring that they adhere to regulatory standards and best practices. This fosters trust and reliability in the marketplace. Furthermore, it provides comprehensive access to essential information on all aspects of the surplus lines market, including regulatory processes, distribution systems, and financial analysis, empowering stakeholders with the knowledge needed to navigate this complex environment effectively.
Overall, the Florida Surplus Lines Service Office Inc acts as a key facilitator, protecting consumer interests and promoting a well-functioning surplus lines market in Florida.
This information is meant to be a general summary of Florida Surplus Lines Service Office Inc. 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.
- Investment Income: $1,405,695
- Program Service Revenue: $9,238,505
- Gross Receipts: $31,372,258
Assets and Liabilities:
- Total Assets: $50,239,423
- Total Liabilities: $338,641
- Net Assets: $49,900,782
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$6,637,408
CLEARINGHOUSE FEES
Revenue
$2,601,097
Organization Details
Founding Year
1998
Phone
(850) 224-7676Principal Officer
Mark Shealy
Main Address
1441 MACLAY COMMERCE DRIVE 200, TALLAHASSEE, FL, 323123908
Website
www.fslso.comNTEE Category
Code: Y20 - Mutual benefit
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