# Florida · limited apportionment company — State insurer-of-last-resort programs — FAIR Plan / Citizens eligibility and coverage limits

For Florida · limited apportionment company, state is Florida; program name is Windstorm insurance risk apportionment plan — the association formed under Fla. Stat. § 627.351(2); citation / source is Fla. Stat. § 627.351(2)(b)3. — limited apportionment company; coverage category is limited apportionment company; coverage limit is which exceeds $50 million after payment of available plan funds in any calendar year, recorded from its source on 2026-08-19.

- **State:** Florida _(verified: appears in the quote below)_
- **Program name:** Windstorm insurance risk apportionment plan — the association formed under Fla. Stat. § 627.351(2) _(our reading, not quoted from the source)_
- **Citation / source:** Fla. Stat. § 627.351(2)(b)3. — limited apportionment company _(our reading, not quoted from the source)_
- **Coverage category:** limited apportionment company _(verified: appears in the quote below)_
- **Coverage limit:** which exceeds $50 million after payment of available plan funds in any calendar year _(verified: appears in the quote below)_
- **Eligibility / ineligibility rule:** any member with a surplus as to policyholders of $25 million or less writing 25 percent or more of its total countrywide property insurance premiums in this state may petition the department, within the first 90 days of each calendar year, to qualify as a limited apportionment company _(verified: appears in the quote below)_

## What the source says

> 3. The plan shall also provide that any member with a surplus as to policyholders of $25 million or less writing 25 percent or more of its total countrywide property insurance premiums in this state may petition the department, within the first 90 days of each calendar year, to qualify as a limited apportionment company. The apportionment of such a member company in any calendar year for which it is qualified shall not exceed its gross participation, which shall not be affected by the formula for voluntary writings. In no event shall a limited apportionment company be required to participate in any apportionment of losses pursuant to sub-sub-subparagraph 2.d.(I) or sub-sub-subparagraph 2.d.(II) in the aggregate which exceeds $50 million after payment of available plan funds in any calendar year. However, a limited apportionment company shall collect from its policyholders any emergency assessment imposed under sub-sub-subparagraph 2.d.(III). The plan shall provide that, if the department determines that any regular assessment will result in an impairment of the surplus of a limited apportionment company, the department may direct that all or part of such assessment be deferred. However, there shall be no limitation or deferment of an emergency assessment to be collected from policyholders under sub-sub-subparagraph 2.d.(III).

## Source

- https://www.flsenate.gov/Laws/Statutes/2025/627.351

Last verified: 2026-08-19. Review by: 2027-02-15.
Part of [State insurer-of-last-resort programs — FAIR Plan / Citizens eligibility and coverage limits](https://referencesource.org/state-insurer-of-last-resort-coverage-limits/).