Citizens will begin collecting the 2022-B Florida Insurance Guaranty Association (FIGA) assessment, as ordered by the Office of Insurance Regulation (OIR), for new and renewal policies effective July 1, 2022, through June 30, 2023.

The additional approved assessment is necessary to recover and handle funds for claims due to the insolvency of insurance companies.

FIGA was created by legislation to handle the claims of insolvent property and casualty insurance companies. Statutory limits apply.

The assessment factor is .013 (or 1.3%) and will have a minimum charge of $1.

Note: This is in addition to the 2022 FIGA assessment announced in the November 1, 2021, Personal Lines Bulletin.

PolicyCenter

The 2022-B FIGA Regular Assessment will display in PolicyCenter® in the Mandatory Additional Surcharges section.

Declarations Page

The 2022-B Florida Insurance Guaranty Association (FIGA) Regular Assessment will display on the Declarations page in the Mandatory Additional Charges section.

Rating steps and factors manuals will be updated on the Agents site. Select Personal, the product line and policy form. The applicable manuals are located under Manuals on the right side of the page.

For more information regarding FIGA, visit www.figafacts.com.