N-Q 1 nq1.htm NFL Form N-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q


QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number         811-7120         

        Nuveen Insured Florida Premium Income Municipal Fund         
(Exact name of registrant as specified in charter)


        333 West Wacker Drive, Chicago, Illinois 60606         
(Address of principal executive offices) (Zip code)


Jessica R. Droeger—Vice President and Secretary
        333 West Wacker Drive, Chicago, Illinois 60606         
(Name and address of agent for service)

Registrant's telephone number, including area code:         312-917-7700        

Date of fiscal year end:            06/30          

Date of reporting period:         09/30/06         

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments

    Portfolio of Investments (Unaudited)             
    Nuveen Insured Florida Premium Income Municipal Fund (NFL)             
    September 30, 2006             
Principal        Optional Call         
Amount (000)    Description (1)    Provisions (2)    Ratings (3)    Value 
    Health Care – 7.0% (4.7% of Total Investments)             
$          2,000    Brevard County Health Facilities Authority, Florida, Hospital Revenue Bonds, Holmes Regional    10/06 at 101.00    AAA   $   2,022,800 
     Medical Center Project, Series 1996, 5.625%, 10/01/14 – MBIA Insured             
2,500    Hillsborough County Industrial Development Authority, Florida, Industrial Development Revenue    No Opt. Call    AAA    3,041,325 
     Bonds, University Community Hospital, Series 1994, 6.500%, 8/15/19 – MBIA Insured             
7,220    Miami-Dade County Health Facility Authority, Florida, Hospital Revenue Refunding Bonds, Miami    8/11 at 101.00    AAA    7,562,372 
     Children’s Hospital, Series 2001A, 5.125%, 8/15/26 – AMBAC Insured             
3,015    North Broward Hospital District, Florida, Revenue Refunding and Improvement Bonds, Series    1/07 at 101.00    AAA    3,057,451 
     1997, 5.375%, 1/15/24 – MBIA Insured             
14,735    Total Health Care            15,683,948 
    Housing/Multifamily – 13.2% (8.9% of Total Investments)             
975    Broward County Housing Finance Authority, Florida, GNMA Collateralized Multifamily Housing    6/07 at 102.00    AAA    1,001,296 
     Revenue Refunding Bonds, Pompano Oaks Apartments, Series 1997, 6.000%, 12/01/27 (Alternative             
     Minimum Tax)             
    Collier County Housing Finance Authority, Florida, Multifamily Housing Revenue Bonds, Saxon             
    Manor Isles Project, Series 1998B:             
1,260     5.350%, 9/01/18 – FSA Insured (Alternative Minimum Tax)    3/08 at 101.00    AAA    1,283,436 
1,000     5.400%, 9/01/23 – FSA Insured (Alternative Minimum Tax)    3/08 at 101.00    AAA    1,017,710 
    Collier County Housing Finance Authority, Florida, Multifamily Housing Revenue Refunding             
    Bonds, Saxon Manor Isles Project, Series 1998A, Subseries 1:             
1,040     5.350%, 9/01/18 – FSA Insured (Alternative Minimum Tax)    3/08 at 101.00    AAA    1,059,344 
1,400     5.400%, 9/01/23 – FSA Insured (Alternative Minimum Tax)    3/08 at 101.00    AAA    1,424,794 
    Dade County Housing Finance Authority, Florida, Multifamily Mortgage Revenue Bonds, Siesta             
    Pointe Apartments Project, Series 1997A:             
1,230     5.650%, 9/01/17 – FSA Insured (Alternative Minimum Tax)    9/07 at 101.00    AAA    1,252,607 
1,890     5.750%, 9/01/29 – FSA Insured (Alternative Minimum Tax)    9/07 at 101.00    AAA    1,924,776 
750    Florida Housing Finance Agency, Housing Revenue Bonds, Crossings at Indian Run Apartments,    12/06 at 102.00    AAA    766,380 
     Series 1996V, 6.100%, 12/01/26 – AMBAC Insured (Alternative Minimum Tax)             
1,400    Florida Housing Finance Agency, Housing Revenue Bonds, Riverfront Apartments, Series 1997A,    4/07 at 102.00    AAA    1,436,750 
     6.250%, 4/01/37 – AMBAC Insured (Alternative Minimum Tax)             
1,000    Florida Housing Finance Agency, Housing Revenue Bonds, Turtle Creek Apartments, Series    11/06 at 102.00    AAA    1,018,110 
     1996C-1, 6.100%, 5/01/16 – AMBAC Insured (Alternative Minimum Tax)             
2,060    Florida Housing Finance Corporation, GNMA Collateralized Housing Revenue Bonds, Cobblestone    12/10 at 102.00    Aaa    2,173,115 
     Apartments, Series 2000K-1, 6.000%, 12/01/33 (Alternative Minimum Tax)             
2,480    Florida Housing Finance Corporation, GNMA Collateralized Housing Revenue Bonds, Raintree    9/10 at 102.00    AAA    2,657,791 
     Apartments, Series 2000J-1, 5.950%, 3/01/35 (Alternative Minimum Tax)             
    Florida Housing Finance Corporation, Housing Revenue Bonds, Augustine Club Apartments,             
    Series 2000D-1:             
1,500     5.500%, 10/01/20 – MBIA Insured    10/10 at 102.00    Aaa    1,586,610 
4,750     5.750%, 10/01/30 – MBIA Insured    10/10 at 102.00    Aaa    4,994,388 
3,455    Jacksonville, Florida, GNMA Collateralized Housing Revenue Refunding Bonds, Windermere Manor    3/07 at 100.00    AAA    3,458,386 
     Apartments, Series 1993A, 5.875%, 3/20/28             
1,425    Miami-Dade County Housing Finance Authority, Florida, Multifamily Mortgage Revenue Bonds,    6/11 at 100.00    AAA    1,487,315 
     Country Club Villas II Project, Series 2001-1A, 5.750%, 7/01/27 – FSA Insured (Alternative             
     Minimum Tax)             
1,065    Palm Beach County Housing Finance Authority, Florida, Multifamily Housing Revenue Bonds,    7/12 at 100.00    AAA    1,092,733 
     Westlake Apartments Phase II, Series 2002, 5.150%, 7/01/22 – FSA Insured (Alternative             
     Minimum Tax)             
28,680    Total Housing/Multifamily            29,635,541 
    Housing/Single Family – 0.7% (0.6% of Total Investments)             
70    Broward County Housing Finance Authority, Florida, Single Family Mortgage Revenue Refunding    4/09 at 101.00    Aaa    71,581 
     Bonds, Series 1999B, 5.250%, 4/01/31 – MBIA Insured (Alternative Minimum Tax)             
745    Escambia County Housing Finance Authority, Florida, Multi-County Single Family Mortgage    4/08 at 102.00    Aaa    757,993 
     Revenue Bonds, Series 1999, 5.200%, 4/01/32 – MBIA Insured (Alternative Minimum Tax)             
4,435    Florida Housing Finance Corporation, Homeowner Mortgage Revenue Bonds, Series 2000-4 , 0.000%,    1/10 at 24.65    AAA    887,665 
     7/01/30 – FSA Insured (Alternative Minimum Tax)             
5,250    Total Housing/Single Family            1,717,239 
    Tax Obligation/General – 3.8% (2.6% of Total Investments)             
4,940    Florida State Board of Education, Full Faith and Credit, Public Education Capital Outlay    6/11 at 101.00    AAA    5,208,143 
     Bonds, Series 2001C, 5.125%, 6/01/29 – FGIC Insured             
1,895    Reedy Creek Improvement District, Orange and Osceola Counties, Florida, General Obligation    6/15 at 100.00    AAA    2,016,166 
     Bonds, Series 2005B, 5.000%, 6/01/25 – AMBAC Insured             
1,390    Venice, Florida, General Obligation Bonds, Series 2004, 5.000%, 2/01/24 – AMBAC Insured    2/14 at 100.00    AAA    1,470,773 
8,225    Total Tax Obligation/General            8,695,082 
    Tax Obligation/Limited – 57.5% (39.0% of Total Investments)             
3,820    Broward County School Board, Florida, Certificates of Participation, Series 2003, 5.250%,    7/13 at 100.00    AAA    4,143,516 
     7/01/19 – MBIA Insured             
1,500    Collier County, Florida, Capital Improvement Revenue Bonds, Series 2005, 5.000%, 10/01/23 –    10/14 at 100.00    AAA    1,595,025 
     MBIA Insured             
3,000    Collier County, Florida, Gas Tax Revenue Bonds, Series 2005, 5.000%, 6/01/22 – AMBAC Insured    6/15 at 100.00    AAA    3,205,380 
1,555    DeSoto County, Florida, Capital Improvement Revenue Bonds, Series 2002, 5.250%, 10/01/20 –    4/12 at 101.00    AAA    1,680,706 
     MBIA Insured             
    Destin, Florida, Capital Improvement Revenue Bonds, Series 2002:             
1,000     5.000%, 8/01/27 – MBIA Insured    8/12 at 101.00    Aaa    1,058,340 
1,000     5.125%, 8/01/31 – MBIA Insured    8/12 at 101.00    Aaa    1,061,650 
2,500    Escambia County School Board, Florida, Certificates of Participation, Series 2004, 5.000%,    2/15 at 100.00    AAA    2,658,325 
     2/01/22 – MBIA Insured             
2,500    Flagler County School Board, Florida, Certificates of Participation, Master Lease Revenue    8/15 at 100.00    AAA    2,626,475 
     Program, Series 2005A, 5.000%, 8/01/30 – FSA Insured             
1,435    Florida Department of Environmental Protection, Florida Forever Revenue Bonds, Series 2003A,    7/13 at 101.00    AAA    1,542,295 
     5.000%, 7/01/19 – FGIC Insured             
    Florida Municipal Loan Council, Revenue Bonds, Series 2000B:             
3,365     5.375%, 11/01/25 – MBIA Insured    11/10 at 101.00    AAA    3,586,114 
3,345     5.375%, 11/01/30 – MBIA Insured    11/10 at 101.00    AAA    3,558,244 
1,000    Florida Municipal Loan Council, Revenue Bonds, Series 2001A, 5.250%, 11/01/18 – MBIA Insured    11/11 at 101.00    AAA    1,074,500 
2,230    Florida Ports Financing Commission, Revenue Bonds, State Transportation Trust Fund –    10/09 at 101.00    AAA    2,346,741 
     Intermodal Program, Series 1999, 5.500%, 10/01/23 – FGIC Insured (Alternative Minimum Tax)             
5,200    Gulf Breeze, Florida, Local Government Loan Program, Remarketed 6-1-2001, Series 1985E,    12/11 at 101.00    AAA    5,429,216 
     4.750%, 12/01/20 (Mandatory put 12/01/11) – FGIC Insured             
1,080    Gulf Breeze, Florida, Local Government Loan Program, Remarketed 6-3-1996, Series 1985B,    12/06 at 101.00    AAA    1,094,731 
     5.900%, 12/01/15 (Mandatory put 12/01/10) – FGIC Insured             
1,020    Gulf Breeze, Florida, Local Government Loan Program, Remarketed 6-3-1996, Series 1985C,    12/06 at 101.00    AAA    1,033,913 
     5.900%, 12/01/15 (Mandatory put 12/01/08) – FGIC Insured             
1,500    Gulf Breeze, Florida, Local Government Loan Program, Remarketed 7-3-2000, Series 1985E,    12/10 at 101.00    AAA    1,605,705 
     5.750%, 12/01/20 (Mandatory put 12/01/19) – FGIC Insured             
6,000    Hillsborough County School Board, Florida, Certificates of Participation, Series 2003, 5.000%,    7/13 at 100.00    AAA    6,266,820 
     7/01/29 – MBIA Insured             
2,000    Hillsborough County, Florida, Community Investment Tax Revenue Bonds, Series 2004, 5.000%,    11/13 at 101.00    AAA    2,130,580 
     5/01/23 – AMBAC Insured             
1,000    Hillsborough County, Florida, Revenue Refunding Bonds, Tampa Bay Arena, Series 2005, 5.000%,    10/15 at 100.00    AAA    1,066,040 
     10/01/25 – FGIC Insured             
2,595    Indian River County School Board, Florida, Certificates of Participation, Series 2005, 5.000%,    7/15 at 100.00    AAA    2,766,192 
     7/01/22 – MBIA Insured             
1,000    Indian Trace Development District, Florida, Water Management Special Benefit Assessment Bonds,    5/15 at 102.00    Aaa    1,073,530 
     Series 2005, 5.000%, 5/01/25 – MBIA Insured             
1,500    Jacksonville, Florida, Better Jacksonville Sales Tax Revenue Bonds, Series 2003, 5.250%,    10/13 at 100.00    AAA    1,633,155 
     10/01/20 – MBIA Insured             
1,280    Lake County School Board, Florida, Certificates of Participation, Series 2004A, 5.000%,    7/14 at 100.00    AAA    1,359,731 
     7/01/21 – AMBAC Insured             
    Lakeland, Florida, Utility Tax Revenue Bonds, Series 2003B:             
1,730     5.000%, 10/01/18 – AMBAC Insured    10/12 at 100.00    AAA    1,839,111 
2,000     5.000%, 10/01/19 – AMBAC Insured    10/12 at 100.00    AAA    2,126,140 
1,230    Lee County, Florida, Local Option Gas Tax Revenue Bonds, Series 2004, 5.000%, 10/01/20 –    10/14 at 100.00    Aaa    1,315,719 
     FGIC Insured             
2,000    Miami-Dade County School Board, Florida, Certificates of Participation, Series 2006B, 5.000%,    11/16 at 100.00    AAA    2,112,700 
     11/01/31 – AMBAC Insured             
18,000    Miami-Dade County, Florida, Subordinate Special Obligation Bonds, Series 1997A, 0.000%,    4/08 at 49.54    AAA    8,351,100 
     10/01/21 – MBIA Insured             
915    Opa-Locka, Florida, Capital Improvement Revenue Bonds, Series 1994, 7.000%, 1/01/14 –    1/07 at 100.00    AAA    917,461 
     FGIC Insured             
1,000    Orange County School Board, Florida, Certificates of Participation, Series 2006A, 5.000%,    8/16 at 100.00    AAA    1,056,850 
     8/01/30 – FGIC Insured             
4,275    Orange County School Board, Florida, Master Lease Program, Certificates of Participation,    8/07 at 101.00    Aaa    4,374,308 
     Series 1997A, 5.375%, 8/01/22 – MBIA Insured             
495    Orange County School Board, Florida, Master Lease Program, Certificates of Participation,    8/07 at 101.00    Aaa    506,271 
     Series 1997A, 5.375%, 8/01/22 – MBIA Insured             
3,180    Orange County, Florida, Sales Tax Revenue Bonds, Series 2002B, 5.125%, 1/01/19 – FGIC Insured    1/13 at 100.00    AAA    3,409,691 
2,500    Orange County, Florida, Tourist Development Tax Revenue Bonds, Series 2006, 5.000%, 10/01/31 –    10/16 at 100.00    AAA    2,644,200 
     XLCA Insured             
    Osceola County, Florida, Transportation Revenue Bonds, Osceola Parkway, Series 2004:             
2,500     5.000%, 4/01/21 – MBIA Insured    4/14 at 100.00    Aaa    2,664,875 
5,500     5.000%, 4/01/23 – MBIA Insured    4/14 at 100.00    Aaa    5,837,095 
2,150    Palm Beach County School Board, Florida, Certificates of Participation, Series 2004A, 5.000%,    8/14 at 100.00    AAA    2,270,379 
     8/01/24 – FGIC Insured             
6,500    Palm Beach County, Florida, Administrative Complex Revenue Refunding Bonds, Series 1993,    No Opt. Call    AAA    6,790,615 
     5.250%, 6/01/11 – FGIC Insured             
    Palm Beach County, Florida, Revenue Refunding Bonds, Criminal Justice Facilities, Series 1993:             
2,500     5.375%, 6/01/08 – FGIC Insured    No Opt. Call    AAA    2,575,975 
4,000     5.375%, 6/01/10 – FGIC Insured    No Opt. Call    AAA    4,252,880 
1,300    Plantation, Florida, Non-Ad Valorem Revenue Refunding and Improvement Bonds, Series 2003,    8/13 at 100.00    Aaa    1,390,740 
     5.000%, 8/15/21 – FSA Insured             
4,260    St. Lucie County School Board, Florida, Certificates of Participation, Master Lease Program,    7/14 at 100.00    AAA    4,496,302 
     Series 2004A, 5.000%, 7/01/24 – FSA Insured             
    St. Petersburg, Florida, Sales Tax Revenue Bonds, Professional Sports Facility, Series 2003:             
1,405     5.125%, 10/01/19 – FSA Insured    10/13 at 100.00    Aaa    1,517,217 
1,475     5.125%, 10/01/20 – FSA Insured    10/13 at 100.00    Aaa    1,592,808 
1,555     5.125%, 10/01/21 – FSA Insured    10/13 at 100.00    Aaa    1,679,198 
1,245    Tamarac, Florida, Sales Tax Revenue Bonds, Series 2002, 5.000%, 4/01/22 – FGIC Insured    4/12 at 100.00    AAA    1,310,375 
4,275    Volusia County School Board, Florida, Certificates of Participation, Series 2005B, 5.000%,    8/15 at 100.00    Aaa    4,539,708 
     8/01/24 – FSA Insured             
2,000    Volusia County, Florida, Gas Tax Revenue Bonds, Series 2004, 5.000%, 10/01/21 – FSA Insured    10/14 at 100.00    AAA    2,136,560 
1,785    Volusia County, Florida, Tax Revenue Bonds, Tourist Development, Series 2004, 5.000%, 12/01/24 –    12/14 at 100.00    Aaa    1,896,134 
     FSA Insured             
132,200    Total Tax Obligation/Limited            129,201,336 
    Transportation – 17.6% (11.9% of Total Investments)             
9,000    Broward County, Florida, Airport System Revenue Bonds, Series 2001J-1, 5.250%, 10/01/26 –    10/11 at 101.00    AAA    9,433,710 
     AMBAC Insured (Alternative Minimum Tax)             
2,150    Broward County, Florida, Airport System Revenue Bonds, Series 2004L, 5.000%, 10/01/23 –    10/14 at 100.00    AAA    2,274,141 
     AMBAC Insured             
1,100    Dade County, Florida, Seaport Revenue Refunding Bonds, Series 1995, 5.750%, 10/01/15 –    10/06 at 101.00    AAA    1,112,782 
     MBIA Insured             
2,000    Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Refunding Bonds,    10/13 at 100.00    AAA    2,130,940 
     Series 2003A, 5.000%, 10/01/17 – FSA Insured             
2,000    Jacksonville Port Authority, Florida, Port Facilities Revenue Bonds, Series 1996, 5.625%,    11/06 at 102.00    AAA    2,042,840 
     11/01/18 – MBIA Insured (Alternative Minimum Tax)             
15,025    Lee County, Florida, Airport Revenue Bonds, Series 2000A, 6.000%, 10/01/32 – FSA Insured    10/10 at 101.00    AAA    16,345,396 
     (Alternative Minimum Tax)             
5,615    Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2002,    10/12 at 100.00    AAA    6,133,433 
     5.750%, 10/01/19 – FGIC Insured (Alternative Minimum Tax)             
36,890    Total Transportation            39,473,242 
    U.S. Guaranteed – 12.4% (8.4% of Total Investments) (4)             
5,325    Escambia County Housing Finance Authority, Florida, Dormitory Revenue Bonds, University of    6/09 at 101.00    AAA    5,674,267 
     West Florida Foundation Inc., Series 1999, 5.750%, 6/01/31 (Pre-refunded 6/01/09) –             
     MBIA Insured             
1,500    Florida Housing Finance Agency, Housing Revenue Bonds, Sterling Palms Apartments, Series    11/06 at 102.00    AAA    1,535,760 
     1996D-1, 6.400%, 12/01/26 (Pre-refunded 11/30/06) – AMBAC Insured (Alternative Minimum Tax)             
10,000    Port St. Lucie, Florida, Utility System Revenue Bonds, Series 2001, 0.000%, 9/01/29    9/11 at 34.97    AAA    2,925,300 
     (Pre-refunded 9/01/11) – MBIA Insured             
7,855    Seminole County, Florida, Water and Sewer Revenue Refunding and Improvement Bonds, Series    No Opt. Call    AAA    9,228,761 
     1992, 6.000%, 10/01/19 – MBIA Insured (ETM)             
    St. Lucie County, Florida, Utility System Revenue Refunding Bonds, Series 1993:             
5,000     5.500%, 10/01/15 – FGIC Insured (ETM)    No Opt. Call    AAA    5,509,200 
1,200     5.500%, 10/01/21 – FGIC Insured (ETM)    No Opt. Call    AAA    1,370,196 
1,500    Tampa, Florida, Healthcare System Revenue Bonds, Allegany Health System – St. Joseph’s    11/06 at 100.00    AAA    1,501,650 
     Hospital, Series 1993, 5.125%, 12/01/23 – MBIA Insured (ETM)             
32,380    Total U.S. Guaranteed            27,745,134 
    Utilities – 5.5% (3.7% of Total Investments)             
8,000    Palm Beach County Solid Waste Authority, Florida, Revenue Bonds, Series 2002B, 0.000%,    No Opt. Call    AAA    5,879,120 
     10/01/14 – AMBAC Insured             
3,525    Palm Beach County Solid Waste Authority, Florida, Revenue Refunding Bonds, Series 1997A,    No Opt. Call    AAA    3,759,307 
     6.000%, 10/01/09 – AMBAC Insured             
2,500    Tallahassee, Florida, Energy System Revenue Bonds, Series 2005, 5.000%, 10/01/29 – MBIA Insured    10/15 at 100.00    AAA    2,643,875 
14,025    Total Utilities            12,282,302 
    Water and Sewer – 29.9% (20.2% of Total Investments)             
1,250    Bay County, Florida, Water System Revenue Bonds, Series 2005, 5.000%, 9/01/24 – AMBAC Insured    9/15 at 100.00    Aaa    1,335,725 
    Broward County, Florida, Water and Sewer Utility Revenue Bonds, Series 2003:             
5,000     5.000%, 10/01/21 – MBIA Insured    10/13 at 100.00    AAA    5,354,900 
4,500     5.000%, 10/01/24 – MBIA Insured    10/13 at 100.00    AAA    4,769,730 
1,200    Callaway-Bay County, Florida, Wastewater System Revenue Bonds, Series 2004, 5.000%, 9/01/23 –    9/14 at 100.00    Aaa    1,273,644 
     MBIA Insured             
    Davie, Florida, Water and Sewerage Revenue Refunding and Improvement Bonds, Series 2003:             
910     5.250%, 10/01/17 – AMBAC Insured    10/13 at 100.00    AAA    990,781 
475     5.250%, 10/01/18 – AMBAC Insured    10/13 at 100.00    AAA    517,166 
    Deltona, Florida, Utility Systems Water and Sewer Revenue Bonds, Series 2003:             
1,250     5.250%, 10/01/22 – MBIA Insured    10/13 at 100.00    AAA    1,354,162 
1,095     5.000%, 10/01/23 – MBIA Insured    10/13 at 100.00    AAA    1,162,288 
1,225     5.000%, 10/01/24 – MBIA Insured    10/13 at 100.00    AAA    1,298,427 
3,945    Florida Governmental Utility Authority, Utility System Revenue Bonds, Citrus Project, Series    10/13 at 100.00    AAA    4,187,420 
     2003, 5.000%, 10/01/23 – AMBAC Insured             
1,000    Florida Governmental Utility Authority, Utility System Revenue Bonds, Golden Gate Project,    7/09 at 101.00    Aaa    1,028,810 
     Series 1999, 5.000%, 7/01/29 – AMBAC Insured             
8,000    Indian River County, Florida, Water and Sewer Revenue Bonds, Series 1993A, 5.250%, 9/01/24 –    9/08 at 102.00    AAA    8,360,160 
     FGIC Insured             
1,000    JEA, Florida, Water and Sewerage System Revenue Bonds, Series 2002A, 5.375%, 10/01/30 –    4/07 at 100.00    AAA    1,007,740 
     MBIA Insured             
2,510    JEA, Florida, Water and Sewerage System Revenue Bonds, Series 2004A, 5.000%, 10/01/14 –    10/13 at 100.00    AAA    2,709,746 
     FGIC Insured             
1,500    JEA, Florida, Water and Sewerage System Revenue Bonds, Series 2005, 5.000%, 10/01/24 –    10/14 at 100.00    AAA    1,591,860 
     MBIA Insured             
1,450    Jupiter, Florida, Water Revenue Bonds, Series 2003, 5.000%, 10/01/22 – AMBAC Insured    10/13 at 100.00    AAA    1,540,553 
2,000    Manatee County, Florida, Public Utilities Revenue Bonds, Series 2003, 5.125%, 10/01/20 –    10/13 at 100.00    Aaa    2,159,740 
     MBIA Insured             
    Marco Island, Florida, Water Utility System Revenue Bonds, Series 2003:             
1,350     5.250%, 10/01/17 – MBIA Insured    10/13 at 100.00    AAA    1,469,840 
1,000     5.250%, 10/01/18 – MBIA Insured    10/13 at 100.00    AAA    1,088,770 
1,750    Palm Bay, Florida, Utility System Revenue Bonds, Palm Bay Utility Corporation, Series 2003,    10/13 at 100.00    AAA    1,874,215 
     5.000%, 10/01/20 – MBIA Insured             
    Palm Coast, Florida, Water Utility System Revenue Bonds, Series 2003:             
1,000     5.250%, 10/01/19 – MBIA Insured    10/13 at 100.00    AAA    1,088,770 
500     5.250%, 10/01/20 – MBIA Insured    10/13 at 100.00    AAA    544,385 
500     5.250%, 10/01/21 – MBIA Insured    10/13 at 100.00    AAA    542,945 
1,170    Polk County, Florida, Utility System Revenue Bonds, Series 2004A, 5.000%, 10/01/24 –    10/14 at 100.00    AAA    1,243,289 
     FGIC Insured             
    Port St. Lucie, Florida, Stormwater Utility System Revenue Refunding Bonds, Series 2002:             
1,190     5.250%, 5/01/15 – MBIA Insured    5/12 at 100.00    AAA    1,284,189 
1,980     5.250%, 5/01/17 – MBIA Insured    5/12 at 100.00    AAA    2,125,847 
2,330    Port St. Lucie, Florida, Utility System Revenue Bonds, Series 2003, 5.000%, 9/01/21 –    9/13 at 100.00    AAA    2,493,589 
     MBIA Insured             
1,000    Port St. Lucie, Florida, Utility System Revenue Bonds, Series 2004, 5.000%, 9/01/21 –    9/14 at 100.00    Aaa    1,069,050 
     MBIA Insured             
    Sebring, Florida, Water and Wastewater Revenue Refunding Bonds, Series 2002:             
1,360     5.250%, 1/01/17 – FGIC Insured    1/13 at 100.00    AAA    1,469,194 
770     5.250%, 1/01/18 – FGIC Insured    1/13 at 100.00    AAA    831,823 
500     5.250%, 1/01/20 – FGIC Insured    1/13 at 100.00    AAA    540,145 
3,530    Seminole County, Florida, Water and Sewer Revenue Refunding and Improvement Bonds, Series    No Opt. Call    AAA    4,108,461 
     1992, 6.000%, 10/01/19 – MBIA Insured             
1,300    Sunrise, Florida, Utility System Revenue Refunding Bonds, Series 1996, 5.800%, 10/01/11 –    10/06 at 102.00    AAA    1,328,210 
     AMBAC Insured             
2,000    Village Center Community Development District, Florida, Utility Revenue Bonds, Series 2003,    10/13 at 101.00    AAA    2,169,140 
     5.250%, 10/01/23 – MBIA Insured             
1,100    Wauchula, Florida, Utility Revenue Bonds, Series 2001A, 5.000%, 10/01/31 – FSA Insured    10/11 at 101.00    AAA    1,154,318 
62,640    Total Water and Sewer            67,069,032 
$      335,025    Total Investments (cost $312,197,074) – 147.6%            331,502,856 
    Other Assets Less Liabilities – 1.8%            4,140,214 
    Preferred Shares, at Liquidation Value – (49.4)%            (111,000,000) 
    Net Assets Applicable to Common Shares – 100%           $  224,643,070 

    All of the bonds in the Portfolio of Investments are either covered by Original Issue Insurance, 
    Secondary Market Insurance or Portfolio Insurance, or are backed by an escrow or trust 
    containing sufficient U.S. Government or U.S. Government agency securities, any of which 
    ensure the timely payment of principal and interest. 
(1)    All percentages shown in the Portfolio of Investments are based on net assets applicable to 
    Common shares unless otherwise noted. 
(2)    Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or 
    redemption. There may be other call provisions at varying prices at later dates. Certain 
    mortgage-backed securities may be subject to periodic principal paydowns. 
(3)    Ratings: Using the higher of Standard & Poor's or Moody's rating. Ratings below BBB by 
    Standard & Poor's Group or Baa by Moody's Investor Service, Inc. are considered to be below 
    investment grade. 
(4)    Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency 
    securities which ensure the timely payment of principal and interest. 
(ETM)    Escrowed to maturity. 

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to the treatment of paydown gains and losses, timing differences in recognizing taxable market discount and timing differences in recognizing certain gains and losses on investment transactions.

At September 30, 2006, the cost of investments was $312,129,682.

Gross unrealized appreciation and gross unrealized depreciation of investments at September 30, 2006, were as follows:

Gross unrealized:     
  Appreciation    $19,557,973 
  Depreciation    (184,799) 
Net unrealized appreciation (depreciation) of investments    $19,373,174 

Item 2. Controls and Procedures.

  1. The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
  2. There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: EX-99 CERT Attached hereto.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)         Nuveen Insured Florida Premium Income Municipal Fund        

By (Signature and Title)*          /s/ Jessica R. Droeger                     
                                                    Jessica R. Droeger
                                                    Vice President and Secretary

Date         November 28, 2006        

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)*         /s/ Gifford R. Zimmerman                    
                                                   Gifford R. Zimmerman
                                                   Chief Administrative Officer (principal executive officer) 

Date         November 28, 2006        

By (Signature and Title)*         /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                   Vice President and Controller (principal financial officer) 

Date        November 28, 2006        

* Print the name and title of each signing officer under his or her signature.