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:          7/31/09         

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)        
July 31, 2009
 
 
 
 
Principal     Optional Call      
Amount (000)   Description (1)   Provisions (2)   Ratings (3)   Value  
  Education and Civic Organizations – 4.1% (2.6% 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  $      8,304,395 
  Health Care – 3.6% (2.3% of Total Investments)        
2,000  Brevard County Health Facilities Authority, Florida, Hospital Revenue Bonds, Holmes Regional  10/09 at 100.00  AA–  2,002,280 
   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  1,850,426 
   FSA Insured       
2,500  Hillsborough County Industrial Development Authority, Florida, Industrial Development Revenue  No Opt. Call  A  2,566,625 
   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  A  885,930 
   MBIA Insured       
7,415  Total Health Care      7,305,261 
  Housing/Multifamily – 9.4% (6.1% of Total Investments)        
975  Broward County Housing Finance Authority, Florida, GNMA Collateralized Multifamily Housing  12/09 at 100.00  Aaa  975,702 
   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)  9/09 at 100.00  AAA  1,260,580 
1,000   5.400%, 9/01/23 – FSA Insured (Alternative Minimum Tax)  9/09 at 100.00  AAA  1,000,160 
  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)  9/09 at 100.00  AAA  1,040,478 
1,400   5.400%, 9/01/23 – FSA Insured (Alternative Minimum Tax)  9/09 at 100.00  AAA  1,400,224 
  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)  9/09 at 100.00  AAA  1,230,972 
1,890   5.750%, 9/01/29 – FSA Insured (Alternative Minimum Tax)  9/09 at 100.00  AAA  1,890,246 
2,030  Florida Housing Finance Corporation, GNMA Collateralized Housing Revenue Bonds, Cobblestone  12/10 at 102.00  Aaa  2,034,040 
   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  A–  2,497,696 
   Apartments, Series 2000J-1, 5.950%, 3/01/35 (Alternative Minimum Tax)       
3,250  Jacksonville, Florida, GNMA Collateralized Housing Revenue Refunding Bonds, Windermere Manor  9/09 at 100.00  AAA  3,252,015 
   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  1,434,462 
   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  1,070,676 
   Westlake Apartments Phase II, Series 2002, 5.150%, 7/01/22 – FSA Insured (Alternative       
   Minimum Tax)       
19,040  Total Housing/Multifamily      19,087,251 
  Housing/Single Family – 0.4% (0.2% of Total Investments)        
3,040  Florida Housing Finance Corporation, Homeowner Mortgage Revenue Bonds, Series 2000-4 ,  1/10 at 24.65  Aa1  752,613 
   0.000%, 7/01/30 – FSA Insured (Alternative Minimum Tax)       
  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  950,171 
   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  1,888,709 
   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  A+  1,412,935 
4,225  Total Tax Obligation/General      4,251,815 
  Tax Obligation/Limited – 64.9% (41.9% of Total Investments)        
3,820  Broward County School Board, Florida, Certificates of Participation, Series 2003, 5.250%,  7/13 at 100.00  A+  3,914,774 
   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  1,532,760 
   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  3,028,800 
1,555  DeSoto County, Florida, Capital Improvement Revenue Bonds, Series 2002, 5.250%, 10/01/20 –  4/12 at 101.00  A  1,620,139 
   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  916,060 
1,000   5.125%, 8/01/31 – MBIA Insured  8/12 at 101.00  Baa1  882,780 
2,500  Escambia County School Board, Florida, Certificates of Participation, Series 2004, 5.000%,  2/15 at 100.00  A  2,420,550 
   2/01/22 – MBIA Insured       
2,500  Flagler County School Board, Florida, Certificates of Participation, Master Lease Revenue  8/15 at 100.00  AAA  2,468,000 
   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  A  1,151,484 
   MBIA Insured       
  Florida Municipal Loan Council, Revenue Bonds, Series 2000B:       
3,365   5.375%, 11/01/25 – MBIA Insured  11/10 at 101.00  A  3,371,394 
3,345   5.375%, 11/01/30 – MBIA Insured  11/10 at 101.00  A  3,317,504 
1,000  Florida Municipal Loan Council, Revenue Bonds, Series 2001A, 5.250%, 11/01/18 – MBIA Insured  11/11 at 101.00  A  1,018,680 
2,230  Florida Ports Financing Commission, Revenue Bonds, State Transportation Trust Fund –  10/09 at 101.00  AA+  2,199,627 
   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  5,252,260 
   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,  12/09 at 100.00  N/R  741,317 
   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,  12/09 at 100.00  N/R  700,602 
   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  N/R  1,512,120 
   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–  5,917,860 
   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+  2,019,800 
   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+  1,029,970 
   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  A+  2,620,691 
   7/01/22 – MBIA Insured       
1,000  Indian Trace Development District, Florida, Water Management Special Benefit Assessment Bonds,  5/15 at 102.00  Baa1  857,810 
   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–  1,538,741 
   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  1,266,931 
   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  N/R  1,852,484 
2,000   5.000%, 10/01/19 – AMBAC Insured  10/12 at 100.00  N/R  2,020,260 
1,230  Lee County, Florida, Local Option Gas Tax Revenue Bonds, Series 2004, 5.000%, 10/01/20 –  10/14 at 100.00  A3  1,237,700 
   FGIC Insured       
2,000  Miami-Dade County School Board, Florida, Certificates of Participation, Series 2006B, 5.000%,  11/16 at 100.00  A  1,853,040 
   11/01/31 – AMBAC Insured       
18,000  Miami-Dade County, Florida, Subordinate Special Obligation Bonds, Series 1997A, 0.000%,  10/09 at 53.53  A  8,568,358 
   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  3,897,760 
   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–  996,470 
   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  3,286,912 
2,500  Orange County, Florida, Tourist Development Tax Revenue Bonds, Series 2006, 5.000%, 10/01/31 –  10/16 at 100.00  A+  2,437,700 
   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  2,544,350 
5,500   5.000%, 4/01/23 – MBIA Insured  4/14 at 100.00  A3  5,557,255 
2,150  Palm Beach County School Board, Florida, Certificates of Participation, Series 2004A, 5.000%,  8/14 at 100.00  AA–  2,167,007 
   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–  3,003,930 
   8/01/27 – MBIA Insured       
2,825  Palm Beach County, Florida, Administrative Complex Revenue Refunding Bonds, Series 1993,  No Opt. Call  Aa3  2,916,954 
   5.250%, 6/01/11 – FGIC Insured       
4,000  Palm Beach County, Florida, Revenue Refunding Bonds, Criminal Justice Facilities, Series 1993,  No Opt. Call  Aa1  4,141,040 
   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  1,309,269 
   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  A  819,150 
   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  3,390,695 
   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  4,298,596 
   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  1,566,229 
1,555   5.125%, 10/01/21 – FSA Insured  10/13 at 100.00  Aa3  1,636,622 
1,245  Tamarac, Florida, Sales Tax Revenue Bonds, Series 2002, 5.000%, 4/01/22 – FGIC Insured  4/12 at 100.00  A+  1,246,145 
4,275  Volusia County School Board, Florida, Certificates of Participation, Series 2005B, 5.000%,  8/15 at 100.00  Aa3  4,329,806 
   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  2,085,780 
12,000  Volusia County, Florida, School Board Certificates of Participation, Series 2007, 5.000%,  8/17 at 100.00  Aa3  11,678,640 
   8/01/32 – FSA Insured (UB)       
1,785  Volusia County, Florida, Tax Revenue Bonds, Tourist Development, Series 2004, 5.000%,  12/14 at 100.00  Aa3  1,811,579 
   12/01/24 – FSA Insured       
141,520  Total Tax Obligation/Limited      131,954,385 
  Transportation – 5.4% (3.5% 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  2,179,154 
   AMBAC Insured       
1,100  Dade County, Florida, Seaport Revenue Refunding Bonds, Series 1995, 5.750%, 10/01/15 –  10/09 at 100.00  A  1,103,927 
   MBIA Insured       
2,000  Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Refunding Bonds,  10/13 at 100.00  AAA  2,124,060 
   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  A  5,657,225 
   5.750%, 10/01/19 – FGIC Insured (Alternative Minimum Tax)       
10,865  Total Transportation      11,064,366 
  U.S. Guaranteed – 15.1% (9.8% of Total Investments) (5)        
3,945  Florida Governmental Utility Authority, Utility System Revenue Bonds, Citrus Project, Series  10/13 at 100.00  N/R (5)  4,529,018 
   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  N/R (5)  5,135,605 
   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  A (5)  3,403,600 
   (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  A (5)  2,096,668 
   (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  6,874,344 
   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 (5)  5,687,600 
1,200   5.500%, 10/01/21 – FGIC Insured (ETM)  No Opt. Call  N/R (5)  1,432,392 
1,500  Tampa, Florida, Healthcare System Revenue Bonds, Allegany Health System – St. Joseph’s  12/09 at 100.00  A (5)  1,520,535 
   Hospital, Series 1993, 5.125%, 12/01/23 – MBIA Insured (ETM)       
33,940  Total U.S. Guaranteed      30,679,762 
  Utilities – 7.7% (5.0% of Total Investments)        
3,000  Leesburg, Florida, Utility Revenue Bonds, Series 2007, 5.000%, 10/01/37 – MBIA Insured  10/17 at 100.00  A  2,746,170 
8,000  Palm Beach County Solid Waste Authority, Florida, Revenue Bonds, Series 2002B, 0.000%,  No Opt. Call  AA  6,852,239 
   10/01/14 – AMBAC Insured       
3,525  Palm Beach County Solid Waste Authority, Florida, Revenue Refunding Bonds, Series 1997A,  No Opt. Call  Aa3  3,552,143 
   6.000%, 10/01/09 – AMBAC Insured       
2,500  Tallahassee, Florida, Energy System Revenue Bonds, Series 2005, 5.000%, 10/01/29 –  10/15 at 100.00  AA–  2,490,400 
   MBIA Insured       
17,025  Total Utilities      15,640,952 
  Water and Sewer – 42.1% (27.2% 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  A3  1,266,950 
  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  5,153,100 
4,500   5.000%, 10/01/24 – MBIA Insured  10/13 at 100.00  AA  4,570,695 
  Clay County, Florida, Uiltity System Revenue Bonds, Series 2007:       
5,110   5.000%, 11/01/27 – SYNCORA GTY Insured (UB)  11/17 at 100.00  AAA  5,234,582 
12,585   5.000%, 11/01/32 – SYNCORA GTY Insured (UB)  11/17 at 100.00  AAA  12,602,619 
  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  N/R  994,748 
475   5.250%, 10/01/18 – AMBAC Insured  10/13 at 100.00  N/R  489,279 
  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  A  1,265,425 
1,095   5.000%, 10/01/23 – MBIA Insured  10/13 at 100.00  A  1,107,231 
1,225   5.000%, 10/01/24 – MBIA Insured  10/13 at 100.00  A  1,239,602 
1,000  Florida Governmental Utility Authority, Utility System Revenue Bonds, Golden Gate Project,  1/10 at 101.00  N/R  938,750 
   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 –  9/09 at 101.00  AA  8,066,639 
   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–  1,099,560 
   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–  1,534,485 
   MBIA Insured       
1,450  Jupiter, Florida, Water Revenue Bonds, Series 2003, 5.000%, 10/01/22 – AMBAC Insured  10/13 at 100.00  AA+  1,484,931 
2,000  Manatee County, Florida, Public Utilities Revenue Bonds, Series 2003, 5.125%, 10/01/20 –  10/13 at 100.00  Aa3  2,102,080 
   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  A  1,499,216 
1,000   5.250%, 10/01/18 – MBIA Insured  10/13 at 100.00  A  1,072,060 
2,000  Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2008B, 5.250%,  No Opt. Call  AAA  2,175,100 
   10/01/22 – FSA Insured       
2,000  Okaloosa County, Florida, Water and Sewer Revenue Bonds, Series 2006, 5.000%, 7/01/36 –  7/16 at 100.00  AAA  1,970,800 
   FSA Insured       
1,750  Palm Bay, Florida, Utility System Revenue Bonds, Palm Bay Utility Corporation, Series 2003,  10/13 at 100.00  A  1,771,525 
   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  A  1,034,480 
500   5.250%, 10/01/20 – MBIA Insured  10/13 at 100.00  A  513,880 
500   5.250%, 10/01/21 – MBIA Insured  10/13 at 100.00  A  511,155 
3,000  Pasco County, Florida, Water and Sewer Revenue Bonds, Series 2006 Refunding, 5.000%,  4/16 at 100.00  AAA  2,973,360 
   10/01/36 – FSA Insured       
1,170  Polk County, Florida, Utility System Revenue Bonds, Series 2004A, 5.000%, 10/01/24 –  10/14 at 100.00  A+  1,183,724 
   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  A  1,277,382 
1,980   5.250%, 5/01/17 – MBIA Insured  5/12 at 100.00  A  2,125,391 
  Port St. Lucie, Florida, Utility System Revenue Bonds, Refunding Series 2009:       
3,775   5.250%, 9/01/35 – AGC Insured  9/18 at 100.00  AAA  3,813,656 
3,500   5.000%, 9/01/35 – AGC Insured  9/18 at 100.00  AAA  3,481,170 
1,000  Port St. Lucie, Florida, Utility System Revenue Bonds, Series 2004, 5.000%, 9/01/21 –  9/14 at 100.00  A2  1,016,230 
   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  A  1,468,732 
770   5.250%, 1/01/18 – FGIC Insured  1/13 at 100.00  A  810,479 
500   5.250%, 1/01/20 – FGIC Insured  1/13 at 100.00  A  517,915 
3,530  Seminole County, Florida, Water and Sewer Revenue Refunding and Improvement Bonds, Series  No Opt. Call  AA  4,071,714 
   1992, 6.000%, 10/01/19 – MBIA Insured       
1,300  Sunrise, Florida, Utility System Revenue Refunding Bonds, Series 1996, 5.800%, 10/01/11 –  10/09 at 100.00  N/R  1,304,498 
   AMBAC Insured       
2,000  Village Center Community Development District, Florida, Utility Revenue Bonds, Series 2003,  10/13 at 101.00  A  1,868,880 
   5.250%, 10/01/23 – MBIA Insured       
83,525  Total Water and Sewer      85,612,023 
$         330,850  Total Investments (cost $312,415,698) – 154.8%      314,652,823 
  Floating Rate Obligations – (7.3)%      (14,850,000) 
  Other Assets Less Liabilities – 2.8%      5,648,112 
  Preferred Shares, at Liquidation Value – (50.3)% (5)      (102,175,000) 
  Net Assets Applicable to Common Shares – 100%      $   203,275,935 

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 July 31, 2009:

  Level 1   Level 2   Level 3   Total  
Investments:         
  Municipal Bonds  $ —  $314,652,823  $ —  $314,652,823 

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 Statement of Financial Accounting Standards No. 140 (SFAS No. 140), if any. 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 July 31, 2009, the cost of investments was $297,303,672.

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

Gross unrealized:   
  Appreciation  $ 8,060,386 
  Depreciation  (5,564,670) 
 
Net unrealized appreciation (depreciation) of investments  $ 2,495,716 

  Primarily all of the Fund’s net assets (including net assets attributable to Preferred shares) are invested 
  in municipal securities that guarantee 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 whose insurer has experienced 
  downgrades as of the end of the reporting period. Subsequent to the reporting period, 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 32.5%. 
N/R  Not rated. 
(ETM)  Escrowed to maturity. 
(UB)  Underlying bond of an inverse floating rate trust reflected as a financing transaction pursuant to the 
  provisions of SFAS No. 140. 

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          September 29, 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          September 29, 2009        

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

Date         September 29, 2009        

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