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)

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


Kevin J. McCarthy 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:             4/30          

Date of reporting period:          1/31/09         

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)              
    January 31, 2009              
Principal         Optional Call          
Amount (000)     Description (1)     Provisions (2)     Ratings (3)     Value  
    Education and Civic Organizations – 3.7% (2.4% of Total Investments)              
$       10,255     Tampa, Florida, Revenue Bonds, University of Tampa, Series 2006, 5.000%, 4/01/35 – CIFG Insured     4/16 at 100.00     N/R    $   7,438,567  
    Health Care – 3.6% (2.3% of Total Investments)              
2,000     Brevard County Health Facilities Authority, Florida, Hospital Revenue Bonds, Holmes Regional     4/09 at 100.00     AA     2,001,860  
      Medical Center Project, Series 1996, 5.625%, 10/01/14 – MBIA Insured              
1,915     Halifax Hospital Medical Center, Florida, Revenue Bonds, Series 2006, 5.500%, 6/01/38 –     6/18 at 100.00     AAA     1,725,166  
      FSA Insured              
2,500     Hillsborough County Industrial Development Authority, Florida, Industrial Development Revenue     No Opt. Call     AA     2,658,600  
      Bonds, University Community Hospital, Series 1994, 6.500%, 8/15/19 – MBIA Insured              
1,000     Lee Memorial Health System, Florida, Hospital Revenue Bonds, Series 2007A, 5.000%, 4/01/32 –     4/17 at 100.00     AA     749,150  
      MBIA Insured              
7,415     Total Health Care             7,134,776  
    Housing/Multifamily – 9.5% (6.1% of Total Investments)              
975     Broward County Housing Finance Authority, Florida, GNMA Collateralized Multifamily Housing     6/09 at 100.00     Aaa     975,263  
      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)     3/09 at 100.00     AAA     1,260,592  
1,000       5.400%, 9/01/23 – FSA Insured (Alternative Minimum Tax)     3/09 at 100.00     AAA     996,950  
    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)     3/09 at 100.00     AAA     1,040,489  
1,400       5.400%, 9/01/23 – FSA Insured (Alternative Minimum Tax)     3/09 at 100.00     AAA     1,395,730  
    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)     3/09 at 100.00     AAA     1,231,095  
1,890       5.750%, 9/01/29 – FSA Insured (Alternative Minimum Tax)     3/09 at 100.00     AAA     1,832,279  
2,035     Florida Housing Finance Corporation, GNMA Collateralized Housing Revenue Bonds, Cobblestone     12/10 at 102.00     Aaa     1,907,833  
      Apartments, Series 2000K-1, 6.000%, 12/01/33 (Alternative Minimum Tax)              
2,475     Florida Housing Finance Corporation, GNMA Collateralized Housing Revenue Bonds, Raintree     9/10 at 102.00     AAA     2,389,142  
      Apartments, Series 2000J-1, 5.950%, 3/01/35 (Alternative Minimum Tax)              
3,290     Jacksonville, Florida, GNMA Collateralized Housing Revenue Refunding Bonds, Windermere Manor     3/09 at 100.00     AAA     3,291,217  
      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     1,407,401  
      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     1,046,746  
      Westlake Apartments Phase II, Series 2002, 5.150%, 7/01/22 – FSA Insured (Alternative              
      Minimum Tax)              
19,085     Total Housing/Multifamily             18,774,737  
    Housing/Single Family – 0.7% (0.5% of Total Investments)              
30     Broward County Housing Finance Authority, Florida, Single Family Mortgage Revenue Refunding     4/09 at 101.00     Baa1     26,820  
      Bonds, Series 1999B, 5.250%, 4/01/31 – MBIA Insured (Alternative Minimum Tax)              
670     Escambia County Housing Finance Authority, Florida, Multi-County Single Family Mortgage     4/09 at 101.00     Aaa     588,883  
      Revenue Bonds, Series 1999, 5.200%, 4/01/32 – MBIA Insured (Alternative Minimum Tax)              
3,295     Florida Housing Finance Corporation, Homeowner Mortgage Revenue Bonds, Series 2000-4 , 0.000%,     1/10 at 24.65     Aa1     803,255  
      7/01/30 – FSA Insured (Alternative Minimum Tax)              
3,995     Total Housing/Single Family             1,418,958  
    Tax Obligation/General – 2.1% (1.4% of Total Investments)              
940     Florida State Board of Education, Full Faith and Credit, Public Education Capital Outlay     6/11 at 101.00     AAA     934,651  
      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     A     1,896,914  
      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     A1     1,399,772  
4,225     Total Tax Obligation/General             4,231,337  
    Tax Obligation/Limited – 63.5% (41.3% of Total Investments)              
3,820     Broward County School Board, Florida, Certificates of Participation, Series 2003, 5.250%,     7/13 at 100.00     AA     3,962,944  
      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     AA     1,530,900  
      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     A     2,990,250  
1,555     DeSoto County, Florida, Capital Improvement Revenue Bonds, Series 2002, 5.250%, 10/01/20 –     4/12 at 101.00     AA     1,622,503  
      MBIA Insured              
    Destin, Florida, Capital Improvement Revenue Bonds, Series 2002:              
1,000       5.000%, 8/01/27 – MBIA Insured     8/12 at 101.00     Baa1     1,024,510  
1,000       5.125%, 8/01/31 – MBIA Insured     8/12 at 101.00     Baa1     937,230  
2,500     Escambia County School Board, Florida, Certificates of Participation, Series 2004, 5.000%,     2/15 at 100.00     AA     2,367,850  
      2/01/22 – MBIA Insured              
2,500     Flagler County School Board, Florida, Certificates of Participation, Master Lease Revenue     8/15 at 100.00     AAA     2,340,500  
      Program, Series 2005A, 5.000%, 8/01/30 – FSA Insured              
1,200     Flagler County, Florida, Capital Improvement Revenue Bonds, Series 2005, 5.000%, 10/01/30 –     10/15 at 100.00     AA     1,063,416  
      MBIA Insured              
1,435     Florida Department of Environmental Protection, Florida Forever Revenue Bonds, Series 2003A,     7/13 at 101.00     AA     1,526,194  
      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     AA     3,375,364  
3,345       5.375%, 11/01/30 – MBIA Insured     11/10 at 101.00     AA     3,146,642  
1,000     Florida Municipal Loan Council, Revenue Bonds, Series 2001A, 5.250%, 11/01/18 – MBIA Insured     11/11 at 101.00     AA     1,048,070  
2,230     Florida Ports Financing Commission, Revenue Bonds, State Transportation Trust Fund –     10/09 at 101.00     AA+     2,073,120  
      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     N/R     5,368,532  
      4.750%, 12/01/20 (Mandatory put 12/01/11) – FGIC Insured              
740     Gulf Breeze, Florida, Local Government Loan Program, Remarketed 6-3-1996, Series 1985B,     6/09 at 100.00     N/R     741,199  
      5.900%, 12/01/15 (Mandatory put 12/01/10) – FGIC Insured              
700     Gulf Breeze, Florida, Local Government Loan Program, Remarketed 6-3-1996, Series 1985C,     6/09 at 100.00     N/R     700,651  
      5.900%, 12/01/15 – FGIC Insured              
1,500     Gulf Breeze, Florida, Local Government Loan Program, Remarketed 7-3-2000, Series 1985E,     12/10 at 101.00     Baa3     1,517,715  
      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     AA     5,565,000  
      7/01/29 – MBIA Insured              
2,000     Hillsborough County, Florida, Community Investment Tax Revenue Bonds, Series 2004, 5.000%,     11/13 at 101.00     AA+     2,050,060  
      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     AA+     1,006,300  
      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     AA     2,604,783  
      7/01/22 – MBIA Insured              
1,000     Indian Trace Development District, Florida, Water Management Special Benefit Assessment Bonds,     5/15 at 102.00     Baa1     857,920  
      Series 2005, 5.000%, 5/01/25 – MBIA Insured              
1,480     Jacksonville, Florida, Better Jacksonville Sales Tax Revenue Bonds, Series 2003, 5.250%,     10/13 at 100.00     AA     1,573,492  
      10/01/20 – MBIA Insured              
1,280     Lake County School Board, Florida, Certificates of Participation, Series 2004A, 5.000%,     7/14 at 100.00     A     1,296,909  
      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     A     1,843,851  
2,000       5.000%, 10/01/19 – AMBAC Insured     10/12 at 100.00     A     2,044,220  
1,230     Lee County, Florida, Local Option Gas Tax Revenue Bonds, Series 2004, 5.000%, 10/01/20 –     10/14 at 100.00     A3     1,250,553  
      FGIC Insured              
2,000     Miami-Dade County School Board, Florida, Certificates of Participation, Series 2006B, 5.000%,     11/16 at 100.00     A     1,755,560  
      11/01/31 – AMBAC Insured              
18,000     Miami-Dade County, Florida, Subordinate Special Obligation Bonds, Series 1997A, 0.000%,     4/09 at 52.08     AA     8,228,340  
      10/01/21 – MBIA Insured              
4,000     Miami-Dade County, Florida, Transit System Sales Surtax Revenue Bonds, Series 2008, 5.000%,     7/18 at 100.00     AAA     3,691,560  
      7/01/35 – FSA Insured              
1,000     Orange County School Board, Florida, Certificates of Participation, Series 2007A, 5.000%,     8/17 at 100.00     AA     942,400  
      8/01/27 – FGIC Insured              
3,180     Orange County, Florida, Sales Tax Revenue Bonds, Series 2002B, 5.125%, 1/01/19 – FGIC Insured     1/13 at 100.00     AA     3,334,357  
2,500     Orange County, Florida, Tourist Development Tax Revenue Bonds, Series 2006, 5.000%, 10/01/31 –     10/16 at 100.00     A+     2,195,025  
      SYNCORA GTY 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     A3     2,525,900  
5,500       5.000%, 4/01/23 – MBIA Insured     4/14 at 100.00     A3     5,424,430  
2,150     Palm Beach County School Board, Florida, Certificates of Participation, Series 2004A, 5.000%,     8/14 at 100.00     AA     2,122,609  
      8/01/24 – FGIC Insured              
3,000     Palm Beach County School Board, Florida, Certificates of Participation, Series 2007E, 5.000%,     8/17 at 100.00     AA     2,827,200  
      8/01/27 – MBIA Insured              
4,115     Palm Beach County, Florida, Administrative Complex Revenue Refunding Bonds, Series 1993,     No Opt. Call     AA–     4,253,676  
      5.250%, 6/01/11 – FGIC Insured              
4,000     Palm Beach County, Florida, Revenue Refunding Bonds, Criminal Justice Facilities, Series 1993,     No Opt. Call     AA–     4,170,880  
      5.375%, 6/01/10 – FGIC Insured              
1,300     Plantation, Florida, Non-Ad Valorem Revenue Refunding and Improvement Bonds, Series 2003,     8/13 at 100.00     Aa3     1,350,739  
      5.000%, 8/15/21 – FSA Insured              
1,000     Port Saint Lucie, Florida, Special Assessment Revenue Bonds, Southwest Annexation District 1B,     7/17 at 100.00     AA     769,390  
      Series 2007, 5.000%, 7/01/33 – MBIA Insured              
3,500     School Board of Duval County, Florida, Certificates of Participation, Master Lease Program,     7/17 at 100.00     Aa3     3,209,115  
      Series 2008, 5.000%, 7/01/33 – FSA Insured              
4,260     St. Lucie County School Board, Florida, Certificates of Participation, Master Lease Program,     7/14 at 100.00     AAA     4,271,843  
      Series 2004A, 5.000%, 7/01/24 – FSA Insured              
    St. Petersburg, Florida, Sales Tax Revenue Bonds, Professional Sports Facility, Series 2003:              
1,475       5.125%, 10/01/20 – FSA Insured     10/13 at 100.00     Aa3     1,558,470  
1,555       5.125%, 10/01/21 – FSA Insured     10/13 at 100.00     Aa3     1,625,379  
1,245     Tamarac, Florida, Sales Tax Revenue Bonds, Series 2002, 5.000%, 4/01/22 – FGIC Insured     4/12 at 100.00     AA     1,267,535  
4,275     Volusia County School Board, Florida, Certificates of Participation, Series 2005B, 5.000%,     8/15 at 100.00     Aa3     4,288,637  
      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     2,095,280  
6,000     Volusia County, Florida, School Board Certificates of Participation, Series 2007, Trust 1035,     8/17 at 100.00     Aa3     5,052,300  
      8.696%, 8/01/32 – FSA Insured (IF)              
1,785     Volusia County, Florida, Tax Revenue Bonds, Tourist Development, Series 2004, 5.000%, 12/01/24 –     12/14 at 100.00     Aa3     1,798,530  
      FSA Insured              
138,245     Total Tax Obligation/Limited             126,189,833  
    Transportation – 5.6% (3.6% of Total Investments)              
2,150     Broward County, Florida, Airport System Revenue Bonds, Series 2004L, 5.000%, 10/01/23 –     10/14 at 100.00     Aa3     2,158,278  
      AMBAC Insured              
1,100     Dade County, Florida, Seaport Revenue Refunding Bonds, Series 1995, 5.750%, 10/01/15 –     4/09 at 100.00     AA     1,103,784  
      MBIA Insured              
2,000     Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Refunding Bonds,     10/13 at 100.00     AAA     2,158,520  
      Series 2003A, 5.000%, 10/01/17 – FSA Insured              
5,615     Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2002,     10/12 at 100.00     AA     5,633,249  
      5.750%, 10/01/19 – FGIC Insured (Alternative Minimum Tax)              
10,865     Total Transportation             11,053,831  
    U.S. Guaranteed – 18.4% (12.0% of Total Investments) (4)              
5,325     Escambia County Housing Finance Authority, Florida, Dormitory Revenue Bonds, University of West     6/09 at 101.00     AA (4)     5,475,112  
      Florida Foundation Inc., Series 1999, 5.750%, 6/01/31 (Pre-refunded 6/01/09) – MBIA Insured              
3,945     Florida Governmental Utility Authority, Utility System Revenue Bonds, Citrus Project, Series     10/13 at 100.00     A (4)     4,572,097  
      2003, 5.000%, 10/01/23 (Pre-refunded 10/01/13) – AMBAC Insured              
4,750     Florida Housing Finance Corporation, Housing Revenue Bonds, Augustine Club Apartments, Series     10/10 at 102.00     Aaa     5,229,893  
      2000D-1, 5.750%, 10/01/30 (Pre-refunded 10/01/10) – MBIA Insured              
10,000     Port St. Lucie, Florida, Utility System Revenue Bonds, Series 2001, 0.000%, 9/01/29     9/11 at 34.97     AA (4)     3,349,800  
      (Pre-refunded 9/01/11) – MBIA Insured              
1,830     Port St. Lucie, Florida, Utility System Revenue Bonds, Series 2003, 5.000%, 9/01/21     9/13 at 100.00     AA (4)     2,116,505  
      (Pre-refunded 9/01/13) – MBIA Insured              
5,715     Seminole County, Florida, Water and Sewer Revenue Refunding and Improvement Bonds, Series     No Opt. Call     AAA     7,089,458  
      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     N/R (4)     5,785,300  
1,200       5.500%, 10/01/21 – FGIC Insured (ETM)     No Opt. Call     N/R (4)     1,379,412  
1,500     Tampa, Florida, Healthcare System Revenue Bonds, Allegany Health System – St. Joseph’s     6/09 at 100.00     AA (4)     1,524,045  
      Hospital, Series 1993, 5.125%, 12/01/23 – MBIA Insured (ETM)              
39,265     Total U.S. Guaranteed             36,521,622  
    Utilities – 8.8% (5.7% of Total Investments)              
3,000     Leesburg, Florida, Utility Revenue Bonds, Series 2007, 5.000%, 10/01/37 – MBIA Insured     10/17 at 100.00     AA     2,677,800  
2,000     Okaloosa County, Florida, Water and Sewer Revenue Bonds, Series 2006, 5.000%, 7/01/36 –     7/16 at 100.00     AAA     1,869,880  
      FSA Insured              
8,000     Palm Beach County Solid Waste Authority, Florida, Revenue Bonds, Series 2002B, 0.000%,     No Opt. Call     AA     6,894,640  
      10/01/14 – AMBAC Insured              
3,525     Palm Beach County Solid Waste Authority, Florida, Revenue Refunding Bonds, Series 1997A,     No Opt. Call     Aa3     3,629,199  
      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     AA     2,443,125  
19,025     Total Utilities             17,514,644  
    Water and Sewer – 38.0% (24.7% 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     A3     1,251,338  
    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     AA     5,189,200  
4,500       5.000%, 10/01/24 – MBIA Insured     10/13 at 100.00     AA     4,550,085  
    Clay County, Florida, Uiltity System Revenue Bonds, Series 2007:              
5,110       5.000%, 11/01/27 – SYNCORA GTY Insured     11/17 at 100.00     AAA     5,072,748  
12,585       5.000%, 11/01/32 – SYNCORA GTY Insured     11/17 at 100.00     AAA     11,895,340  
    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     A     997,096  
475       5.250%, 10/01/18 – AMBAC Insured     10/13 at 100.00     A     496,123  
    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     AA     1,282,913  
1,095       5.000%, 10/01/23 – MBIA Insured     10/13 at 100.00     AA     1,104,899  
1,225       5.000%, 10/01/24 – MBIA Insured     10/13 at 100.00     AA     1,225,931  
1,000     Florida Governmental Utility Authority, Utility System Revenue Bonds, Golden Gate Project,     7/09 at 101.00     Baa1     898,320  
      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 –     3/09 at 102.00     AA     8,049,120  
      FGIC Insured              
1,000     JEA, Florida, Water and Sewerage System Revenue Bonds, Series 2004A, 5.000%, 10/01/14 –     10/13 at 100.00     AA     1,097,700  
      FGIC Insured              
1,500     JEA, Florida, Water and Sewerage System Revenue Bonds, Series 2007B, 5.000%, 10/01/24 –     10/14 at 100.00     AA     1,508,355  
      MBIA Insured              
1,450     Jupiter, Florida, Water Revenue Bonds, Series 2003, 5.000%, 10/01/22 – AMBAC Insured     10/13 at 100.00     AA     1,487,512  
2,000     Manatee County, Florida, Public Utilities Revenue Bonds, Series 2003, 5.125%, 10/01/20 –     10/13 at 100.00     Aa3     2,105,300  
      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     AA     1,507,248  
1,000       5.250%, 10/01/18 – MBIA Insured     10/13 at 100.00     AA     1,082,800  
2,000     Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2008B, 5.250%,     No Opt. Call     AAA     2,174,200  
      10/01/22 – FSA Insured              
1,750     Palm Bay, Florida, Utility System Revenue Bonds, Palm Bay Utility Corporation, Series 2003,     10/13 at 100.00     AA     1,829,835  
      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     AA     1,045,980  
500       5.250%, 10/01/20 – MBIA Insured     10/13 at 100.00     AA     517,135  
500       5.250%, 10/01/21 – MBIA Insured     10/13 at 100.00     AA     511,480  
3,000     Pasco County, Florida, Water and Sewer Revenue Bonds, Series 2006 Refunding, 5.000%, 10/01/36 –     4/16 at 100.00     AAA     2,820,240  
      FSA Insured              
1,170     Polk County, Florida, Utility System Revenue Bonds, Series 2004A, 5.000%, 10/01/24 –     10/14 at 100.00     AA     1,171,065  
      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     AA     1,275,002  
1,980       5.250%, 5/01/17 – MBIA Insured     5/12 at 100.00     AA     2,121,431  
1,000     Port St. Lucie, Florida, Utility System Revenue Bonds, Series 2004, 5.000%, 9/01/21 –     9/14 at 100.00     A2     1,029,890  
      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     AA–     1,464,502  
770       5.250%, 1/01/18 – FGIC Insured     1/13 at 100.00     AA–     818,348  
500       5.250%, 1/01/20 – FGIC Insured     1/13 at 100.00     AA–     520,790  
3,530     Seminole County, Florida, Water and Sewer Revenue Refunding and Improvement Bonds, Series     No Opt. Call     AA     4,155,869  
      1992, 6.000%, 10/01/19 – MBIA Insured              
1,300     Sunrise, Florida, Utility System Revenue Refunding Bonds, Series 1996, 5.800%, 10/01/11 –     4/09 at 100.00     A     1,303,861  
      AMBAC Insured              
2,000     Village Center Community Development District, Florida, Utility Revenue Bonds, Series 2003,     10/13 at 101.00     AA     2,041,080  
      5.250%, 10/01/23 – MBIA Insured              
74,250     Total Water and Sewer             75,602,736  
$     326,625     Total Investments (cost $308,059,703) – 153.9%             305,881,041  
    Other Assets Less Liabilities – 1.9%             3,886,185  
    Preferred Shares, at Liquidation Value – (55.8)% (5)             (111,000,000)
    Net Assets Applicable to Common Shares – 100%           $   198,767,226  

    At least 80% of the Fund’s net assets (including net assets attributable to Preferred shares) are invested  
    in municipal securities that are covered by insurance or backed by an escrow or trust account containing  
    sufficient U.S. Government or U.S. Government agency securities or U.S. Treasury-issued State and Local  
    Government Series securities to 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 Group (“Standard & Poor’s”) or Moody’s Investor Service,  
    Inc. (“Moody’s”) rating. Ratings below BBB by Standard & Poor’s or Baa by Moody’s are considered to be  
    below investment grade.  
    The Portfolio of Investments may reflect the ratings on certain bonds insured by ACA, AGC, AMBAC, CIFG,  
    FGIC, FSA, MBIA, RAAI and SYNCORA as of January 31, 2009. Subsequent to January 31, 2009, and  
    during the period this Portfolio of Investments was prepared there may have been reductions to the ratings  
    of certain bonds resulting from changes to the ratings of the underlying insurers both during the period  
    and after period end. Such reductions would likely reduce the effective rating of many of the bonds  
    insured by that insurer or insurers presented at period end.  
(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. Such investments are normally considered to  
    be equivalent to AAA rated securities.  
(5)     Preferred Shares, at Liquidation Value as a percentage of Total Investments is 36.3%.  
N/R     Not rated.  
(ETM)     Escrowed to maturity.  
(IF)     Inverse floating rate investment.  

Fair Value Measurement

During the current fiscal period, the Fund adopted the provisions of Statement of Financial Accounting Standards No. 157 (SFAS No. 157) “Fair Value Measurements.” SFAS No. 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosure about fair value measurements. In determining the value of the Fund’s investments various inputs are used. These inputs are summarized in the three broad levels listed below:

Level 1 – Quoted prices in active markets for identical securities.  
Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest  
               rates, prepayment speeds, credit risk, etc.).  
Level 3 – Significant unobservable inputs (including management’s assumptions in determining the fair  
               value of investments).  

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

The following is a summary of the Fund’s fair value measurements as of January 31, 2009:

    Level 1     Level 2     Level 3     Total  
Investments     $ —     $305,881,041     $ —     $$305,881,041  

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 timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate transactions subject to SFAS No. 140. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At January 31, 2009, the cost of investments was $307,823,140.

Gross unrealized appreciation and gross unrealized depreciation of investments at January 31, 2009, were as follows:

Gross unrealized:      
  Appreciation     $ 9,369,767  
  Depreciation     (11,311,866)
Net unrealized appreciation (depreciation) of investments     $ (1,942,099)

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: See 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/ Kevin J. McCarthy                    
                                                  Kevin J. McCarthy
                                                  Vice President and Secretary

Date          April 1, 2009        

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          April 1, 2009        

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

Date         April 1, 2009        

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