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Florida Department of Revenue Form DR-908 Instructions

DR-908N

R. 01/18

Page 9

Line 19. Total State Fire Marshal Tax Due Plus Total

Less excluded premiums (some examples of excludable

Surcharge Due

premiums are any premiums that are federally preempted

Enter the sum of the State Fire Marshal Tax and the Surcharge

from state taxation and free premiums [uncollected

here and on Page 1, Line 4 of the return.

premiums from policies where insurance coverage was

provided without being paid by a policyholder – net of

subsequent collected amounts]).

Schedule XI

Wet Marine and Transportation Tax

Be sure to include a reconciliation of Florida premiums on

the Annual Statement to the amount in the “Total Premiums”

Under s. 624.510, F.S., an insurer writing policies of

column.

wet marine and transportation insurance as defined in

s. 624.607(2), F.S., shall pay a tax of .75 percent (.0075) of the

Attach a copy of the Florida Business Page from the Annual

gross underwriting profit.

Statement filed with Florida to Form DR-908.

Wet marine and transportation insurers are entitled to a credit

Types of Fire Premiums

for corporate income tax imposed under Chapter 220, F.S.,

“Fire insurance” means the insurance of structures or other

for the year paid, the community contribution credit and the

property, including real and tangible property, at fixed

excise taxes levied under ss. 175.101 and 185.08, F.S. If the

locations against loss or damage to such structures or other

credits available exceed the tax, only include the amount

described properties from the risks of fire and lightning.

of credits necessary to eliminate the tax. Total excise

tax credits available for the insurance premium tax levied

“Allied lines” means the insurance of structures or other

under s. 624.509, F.S., must be reduced by credits that are

property against loss or damage to such structures or other

applied against the wet marine and transportation tax.

properties from the risks of tornado, windstorm, hail, sprinkler

or water damage, explosion, riot or civil commotion, flood,

Line 1. Net Premiums

rain, and damage from aircraft or vehicle.

Enter the net premiums (gross premiums less return premiums

and reinsurance) for wet marine and transportation policies

Lines 1 through 13.

written in the State of Florida during the calendar year.

Enter the amounts of premiums written for the types of

policies listed. Multiply the total premiums by the percentage

Line 2. Net Losses Paid

applicable to the peril of fire (Fire Percentage). Please

Enter the net losses paid (gross losses paid less salvage and

see Lines 3 and 4 for commercial multiple peril policies to

recoveries on reinsurance ceded) during the calendar year for

facilitate proper reporting using the correct fire percentage on

any such contracts.

commercial multiple peril policy premiums for rental condo

Line 3. Gross Underwriting Profit

units. For Crop on Line 6, combine the premiums for multiple

Subtract Line 2 from Line 1, and enter the difference. Note: If

peril crop and private crop.

zero or less, enter -0- on this line and on Lines 4 through 8,

Note: When the books, records, and percentage assessment

and go to Line 9.

methodology used by an insurer clearly demonstrate without

Line 4. Wet Marine and Transportation Tax

exception a lesser fire percentage than those listed, the

Multiply the total on Line 3 times the rate of .75 percent (.0075)

insurer may apply the lesser fire percentages. The Department

and enter the tax.

will audit the insurer’s return when a fire percentage used is

less than the percentage listed.

Line 5. Corporate Income Tax Credit

Enter the corporate income tax paid from Florida Form F-1120

Line 14. Total Taxable Premiums

(Line 13) or a lesser amount necessary to eliminate the tax due

Add the taxable premiums on Lines 1 through 13 and enter the

on Line 4.

total. If zero or less, enter -0-.

If Line 4 minus Line 5 totals zero, enter zero on Lines 6

Line 15. State Fire Marshal Tax Due

through 8, and go to Line 9.

Multiply the total on Line 14 by the rate of 1 percent (.01) and

Line 6. Firefighters’ Pension Trust Fund Credit

enter the result.

Enter the amount computed on Schedule Xll-8, Line 3, or a

Line 16. Additional Premiums Subject to Surcharge

lesser amount necessary to eliminate the remaining tax due

Enter any additional premiums not included in the amounts

from Line 4 after subtracting the amount on Line 5.

on the lines marked with an asterisk (*) (Lines 2, 3, 4, 5, 6, and

If Line 4 minus Line 5 and Line 6 totals zero, enter zero on

8) above that are subject to the surcharge. Attach a schedule

Lines 7 and 8, and go to Line 9.

with an explanation to your Form DR-908.

Line 7. Municipal Police Officers’ Retirement Trust Fund

Line 17. Total Premiums Subject to Surcharge

Credit

Enter the total premiums from the lines marked with an asterisk

Enter the amount computed on Schedule Xlll-8, Line 3 or a

(*) (Lines 2, 3, 4, 5, 6, 8, and 16) indicating commercial fire,

lesser amount necessary to eliminate the remaining tax due

commercial multiple peril, farmowners multiple peril, crop, and

from Line 4 after subtracting the amounts on Lines 5 and 6.

commercial allied lines, plus the premiums from any other policy

of fire, allied lines, or multiperil insurance that insures commercial

If Line 4 minus Line 5, Line 6, and Line 7 totals zero, enter zero

property located in this state. If zero or less, enter -0-.

on Line 8 and go to Line 9.

Line 18. Surcharge Due

Line 8. Community Contribution Credit

Multiply the total on Line 17 by the rate of .1 percent (.001)

Enter the total credits approved under s. 624.5105, F.S., for

and enter the result.

the tax year or a lesser amount necessary to eliminate the

Instructions For Form Dr-908n - Florida Insurance Premium Taxes And Fees Return - 2018 Page 9

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