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Florida Hurricane Tax Will End Early

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The hurricane tax on property-insurance and auto-insurance policy will end Jan 1, 2015.

To cover claims paid for the 2004 and 2005 hurricane seasons, the state of Florida added an extra charge on property-insurance and auto-insurance. The Office of Insurance Regulation recently issued orders which would force insurance companies to move up the end of a 1.3% emergency assessment for the Florida Hurricane Catastrophe Fund by 18 months.

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