-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RwBvpZIHR5Nx4LnfkpH0AIrBsBHtU85zAO1JsQt/1pMMVtsmkLXEBFzKaKFTM9lQ QgvYLWeoaAQj3RU6IUh/gA== 0000900092-06-000461.txt : 20060926 0000900092-06-000461.hdr.sgml : 20060926 20060925173739 ACCESSION NUMBER: 0000900092-06-000461 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060731 FILED AS OF DATE: 20060926 DATE AS OF CHANGE: 20060925 EFFECTIVENESS DATE: 20060926 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MUNIYIELD FLORIDA INSURED FUND /NJ/ CENTRAL INDEX KEY: 0000891188 IRS NUMBER: 223196058 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-07156 FILM NUMBER: 061107252 BUSINESS ADDRESS: STREET 1: 800 SCUDDERS MILL RD CITY: PLAINSBORO STATE: NJ ZIP: 08536 BUSINESS PHONE: 6092822800 MAIL ADDRESS: STREET 1: P O BOX 9011 CITY: PRINCETON STATE: NJ ZIP: 08543-9011 FORMER COMPANY: FORMER CONFORMED NAME: MUNIYIELD FLORIDA FUND II DATE OF NAME CHANGE: 19600201 FORMER COMPANY: FORMER CONFORMED NAME: MUNIYIELD FLORIDA INSURED FUND DATE OF NAME CHANGE: 19600201 N-Q 1 myflinsured.txt MUNIYIELD FLORIDA INSURED UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act File number 811-7156 Name of Fund: MuniYield Florida Insured Fund, Inc. Fund Address: P.O. Box 9011 Princeton, NJ 08543-9011 Name and address of agent for service: Robert C. Doll, Jr., Chief Executive Officer, MuniYield Florida Insured Fund, Inc., 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing address: P.O. Box 9011, Princeton, NJ, 08543-9011 Registrant's telephone number, including area code: (609) 282-2800 Date of fiscal year end: 10/31/2006 Date of reporting period: 05/01/06 - 07/31/06 Item 1 - Schedule of Investments MuniYield Florida Insured Fund Schedule of Investments as of July 31, 2006 (in Thousands)
Face Amount Municipal Bonds Value District of $ 1,000 Metropolitan Washington Airports Authority, D.C., Airport System Revenue Bonds, Columbia - 0.8% AMT, Series A, 5.25% due 10/01/2032 (c) $ 1,028 Florida - 146.2% 1,300 Alachua County, Florida, School Board, COP, 5.25% due 7/01/2029 (a) 1,366 1,430 Bay County, Florida, Sales Tax Revenue Bonds, 5% due 9/01/2027 1,487 700 Boynton Beach, Florida, Utility System Revenue Refunding Bonds, 6.25% due 11/01/2020 (b)(c) 817 1,720 Broward County, Florida, Educational Facilities Authority Revenue Bonds (Nova Southeastern University), 5% due 4/01/2031 (n) 1,768 1,545 Cape Coral, Florida, Special Obligation Revenue Bonds, 5% due 10/01/2033 (h) 1,595 3,445 Collier County, Florida, Capital Improvement Revenue Refunding Bonds, 5% due 10/01/2024 (h) 3,573 1,000 Daytona Beach, Florida, Utility System Revenue Refunding Bonds, Series B, 5% due 11/15/2027 (c) 1,028 1,000 Deltona, Florida, Transportation Capital Improvement Revenue Bonds, 5.125% due 10/01/2026 (h) 1,049 1,000 Emerald Coast, Florida, Utilities Authority, System Revenue Bonds, 5.25% due 1/01/2036 (c) 1,052 2,110 First Florida Governmental Financing Commission Revenue Bonds, 5.70% due 7/01/2017 (h) 2,166 1,000 Flagler County, Florida, Capital Improvement Revenue Bonds, 5% due 10/01/2035 (h) 1,030 1,150 Florida HFA, Housing Revenue Bonds (Brittany Rosemont Apartments), AMT, Series C-1, 6.75% due 8/01/2014 (a) 1,158 415 Florida Housing Finance Corporation, Homeowner Mortgage Revenue Refunding Bonds, AMT, Series 4, 6.25% due 7/01/2022 (f) 422 1,000 Florida State Board of Education, Capital Outlay, GO, Public Education, Series B, 5% due 6/01/2031 (c) 1,027 6,190 Florida State Board of Education, Lottery Revenue Bonds, Series A, 6% due 7/01/2015 (c) 6,721 1,000 Florida State Governmental Utility Authority, Utility Revenue Bonds (Lehigh Utility System), 5.125% due 10/01/2033 (a) 1,036
Portfolio Abbreviations To simplify the listings of MuniYield Florida Insured Fund's portfolio holdings in the Schedule of Investments, we have abbreviated the names of many of the securities according to the list below. AMT Alternative Minimum Tax (subject to) COP Certificates of Participation DRIVERS Derivative Inverse Tax-Exempt Receipts EDA Economic Development Authority GO General Obligation Bonds HFA Housing Finance Agency IDA Industrial Development Authority IDR Industrial Development Revenue Bonds RIB Residual Interest Bonds S/F Single-Family MuniYield Florida Insured Fund Schedule of Investments as of July 31, 2006 (concluded) (in Thousands)
Face Amount Municipal Bonds Value Florida $ 1,860 Florida State Turnpike Authority, Turnpike Revenue Bonds (Department of (concluded) Transportation), Series B, 5% due 7/01/2030 $ 1,895 1,400 Fort Myers, Florida, Utility System Revenue Refunding Bonds, 5% due 10/01/2031 (h) 1,452 1,000 Halifax Hospital Medical Center, Florida, Hospital Revenue Refunding Bonds, Series A, 5% due 6/01/2038 995 3,000 Hernando County, Florida, School Board, COP, 5% due 7/01/2035 (h) 3,085 3,700 Highlands County, Florida, Health Facilities Authority, Hospital Revenue Bonds (Adventist Health System), Series A, 6% due 11/15/2011 (i) 4,097 1,000 Highlands County, Florida, Health Facilities Authority, Hospital Revenue Bonds (Adventist Health System), Series C, 5.25% due 11/15/2036 1,033 1,780 Hillsborough County, Florida, Port District Revenue Bonds (Tampa Port Authority Project), AMT, 5% due 6/01/2026 (h) 1,817 6,000 Hillsborough County, Florida, School Board, COP, 5.375% due 7/01/2009 (h)(i) 6,262 1,000 Hillsborough County, Florida, School Board, COP, 5% due 7/01/2029 (h) 1,025 2,000 Jacksonville Electric Authority, Florida, Water and Sewer System Revenue Bonds, Series A, 5.375% due 10/01/2030 (h) 2,018 1,000 Jacksonville, Florida, Economic Development Commission, Health Care Facilities Revenue Bonds (Mayo Clinic-Jacksonville), Series A, 5.50% due 11/15/2036 (h) 1,066 750 Jacksonville, Florida, Economic Development Commission, Health Care Facilities Revenue Bonds (Mayo Clinic-Jacksonville), Series B, 5.50% due 11/15/2036 (h) 799 1,140 Jacksonville, Florida, Economic Development Commission, IDR (Metropolitan Parking Solutions Project), AMT, 5.50% due 10/01/2030 (l) 1,192 1,455 Jacksonville, Florida, Guaranteed Entitlement Revenue Refunding and Improvement Bonds, 5.25% due 10/01/2032 (c) 1,525 1,225 Jacksonville, Florida, Port Authority, Seaport Revenue Bonds, AMT, 5.625% due 11/01/2026 (h) 1,290 2,280 Jacksonville, Florida, Sales Tax Revenue Bonds, 5% due 10/01/2027 (h) 2,346 2,000 Lakeland, Florida, Electric and Water Revenue Refunding Bonds, Series A, 5% due 10/01/2028 (h) 2,044 1,000 Lee County, Florida, Airport Revenue Bonds, AMT, Series A, 6% due 10/01/2029 (f) 1,078 2,285 Lee County, Florida, Capital Revenue Bonds, 5.25% due 10/01/2023 (a) 2,437 50 Lee County, Florida, HFA, S/F Mortgage Revenue Bonds (Multi-County Program), AMT, Series A, Sub-Series 3, 7.45% due 9/01/2027 (d)(e)(g) 50 1,525 Lee County, Florida, School Board, COP, Series A, 5% due 8/01/2024 (f) 1,588 1,000 Leesburg, Florida, Capital Improvement Revenue Bonds, 5.25% due 10/01/2034 (c) 1,053 1,000 Marco Island, Florida, Utility System Revenue Bonds, 5% due 10/01/2033 (h) 1,028 1,000 Martin County, Florida, Utilities System Revenue Bonds, 5.125% due 10/01/2033 (a) 1,036 2,000 Miami Beach, Florida, Water and Sewer Revenue Bonds, 5.75% due 9/01/2025 (a) 2,145 7,500 Miami-Dade County, Florida, Aviation Revenue Bonds, AMT, Series A, 5% due 10/01/2033 (f) 7,587 5,000 Miami-Dade County, Florida, Aviation Revenue Bonds (Miami International Airport), AMT, Series A, 6% due 10/01/2024 (c) 5,404 2,000 Miami-Dade County, Florida, Educational Facilities Authority Revenue Bonds (University of Miami), Series A, 5.75% due 4/01/2029 (a) 2,133 1,000 Miami-Dade County, Florida, Expressway Authority, Toll System Revenue Bonds, Series B, 5.25% due 7/01/2027 (c) 1,059 3,875 Miami-Dade County, Florida, Expressway Authority, Toll System Revenue Bonds, Series B, 5% due 7/01/2033 (c) 3,987 3,480 Miami-Dade County, Florida, Health Facilities Authority, Hospital Revenue Refunding Bonds, DRIVERS, Series 208, 7.285% due 8/15/2017 (a)(k) 3,978 1,655 Miami-Dade County, Florida, IDA, IDR (BAC Funding Corporation Project), Series A, 5.375% due 10/01/2030 (a) 1,747 2,000 Miami-Dade County, Florida, School Board COP, Series A, 5.50% due 10/01/2009 (f)(i) 2,102 1,865 Miami-Dade County, Florida, Solid Waste System Revenue Bonds, 5.25% due 10/01/2030 (h) 1,978 4,375 Miami-Dade County, Florida, Subordinate Special Obligation Revenue Bonds, Series A, 5.186% due 10/01/2031 (h)(p) 1,176 5,735 Miami-Dade County, Florida, Subordinate Special Obligation Revenue Bonds, Series A, 5.203% due 10/01/2033 (h)(p) 1,388 4,765 Orange County, Florida, Educational Facilities Authority, Educational Facilities Revenue Refunding Bonds (Rollins College Project), 5.50% due 12/01/2032 (a) 5,112 600 Orange County, Florida, Health Facilities Authority, Hospital Revenue Bonds (Adventist Health System), 6.25% due 11/15/2024 657 1,835 Orange County, Florida, Health Facilities Authority, Hospital Revenue Bonds (Orlando Regional Healthcare), 6% due 12/01/2012 (i) 2,041 1,000 Orange County, Florida, Sales Tax Revenue Refunding Bonds, Series A, 5.125% due 1/01/2023 (c) 1,049 6,500 Orange County, Florida, School Board, COP, Series A, 5.25% due 8/01/2009 (h)(i) 6,827 4,000 Orlando and Orange County, Florida, Expressway Authority Revenue Bonds, Series B, 5% due 7/01/2030 (a) 4,098 6,815 Orlando and Orange County, Florida, Expressway Authority Revenue Bonds, Series B, 5% due 7/01/2035 (a) 6,985 1,530 Osceola County, Florida, Infrastructure Sales Surplus Tax Revenue Bonds, 5.25% due 10/01/2025 (a) 1,604 2,000 Osceola County, Florida, School Board, COP, Series A, 5.25% due 6/01/2027 (a) 2,099 1,100 Osceola County, Florida, Tourist Development Tax Revenue Bonds, Series A, 5.50% due 10/01/2027 (c) 1,173 1,500 Palm Beach County, Florida, Criminal Justice Facilities Revenue Bonds, 7.20% due 6/01/2015 (c) 1,845 2,000 Palm Beach County, Florida, School Board, COP, Refunding, Series D, 5.25% due 8/01/2021 (f) 2,109 5,000 Palm Beach County, Florida, School Board, COP, Series A, 6% due 8/01/2010 (c)(i) 5,444 1,300 Palm Beach County, Florida, School Board, COP, Series A, 5% due 8/01/2031 (f) 1,342 1,000 Palm Coast, Florida, Utility System Revenue Bonds, 5% due 10/01/2027 (h) 1,028 1,500 Panama City, Florida, Water and Sewer Revenue Bonds, Series B, 5.25% due 10/01/2022 (h) 1,603 1,000 Pembroke Pines, Florida, Public Improvement Revenue Bonds, Series A, 5% due 10/01/2034 (a) 1,029 1,000 Polk County, Florida, Public Facilities Revenue Bonds, 5% due 12/01/2025 (h) 1,039 1,340 Polk County, Florida, Public Facilities Revenue Bonds, 5% due 12/01/2033 (h) 1,382 1,000 Polk County, Florida, Utility System Revenue Bonds, 5.25% due 10/01/2022 (c) 1,064 1,055 Port St. Lucie, Florida, Utility Revenue Bonds, 5.25% due 9/01/2024 (h) 1,126 2,190 Port St. Lucie, Florida, Utility System Revenue Refunding Bonds, Series A, 5% due 9/01/2029 (h) 2,271 1,400 Saint Johns County, Florida, Sales Tax Revenue Bonds, Series A, 5.25% due 10/01/2031 (a) 1,473 1,000 Saint Lucie, Florida, West Services District, Utility Revenue Bonds, 5.25% due 10/01/2034 (h) 1,058 1,000 Santa Rosa County, Florida, School Board, COP, DRIVERS, Series 1293Z, 6.541% due 2/01/2014 (c)(k) 1,115 2,000 South Broward, Florida, Hospital District Revenue Bonds, DRIVERS, Series 337, 7.29% due 5/01/2032 (h)(k) 2,298 1,000 South Lake County, Florida, Hospital District Revenue Bonds (South Lake Hospital Inc.), 5.80% due 10/01/2034 1,036 1,240 Stuart, Florida, Public Utilities Revenue Refunding and Improvement Bonds, 5.25% due 10/01/2024 (c) 1,319 2,280 University of Central Florida (UCF) Athletics Association Inc., COP, Series A, 5.25% due 10/01/2034 (c) 2,382 1,640 Village Center Community Development District, Florida, Recreational Revenue Bonds, Series A, 5.375% due 11/01/2034 (h) 1,750 1,000 Village Center Community Development District, Florida, Recreational Revenue Bonds, Series A, 5.125% due 11/01/2036 (h) 1,040 4,030 Village Center Community Development District, Florida, Utility Revenue Bonds, 5.125% due 10/01/2028 (h) 4,178 2,585 Village Center Community Development District, Florida, Utility Revenue Bonds, 5.25% due 10/01/2023 (h) 2,745 1,000 Volusia County, Florida, IDA, Student Housing Revenue Bonds (Stetson University Project), Series A, 5% due 6/01/2025 (m) 1,039 1,000 Volusia County, Florida, IDA, Student Housing Revenue Bonds (Stetson University Project), Series A, 5% due 6/01/2035 (m) 1,031 New Jersey - 1.7% 2,000 New Jersey EDA, Cigarette Tax Revenue Bonds, 5.50% due 6/15/2024 2,077 Puerto Rico - 6.8% 1,970 Puerto Rico Electric Power Authority, Power Revenue Bonds, Series II, 5.375% due 7/01/2019 (h) 2,122 1,000 Puerto Rico Public Buildings Authority, Government Facilities Revenue Refunding Bonds, Series I, 5% due 7/01/2036 1,008 1,145 Puerto Rico Public Finance Corporation, Commonwealth Appropriation Revenue Bonds, Series E, 5.70% due 2/01/2010 (i) 1,217 3,550 Puerto Rico Public Finance Corporation, Revenue Refunding Bonds, RIB, Series 522X, 6.88% due 8/01/2022 (h)(k) 4,054 Total Municipal Bonds (Cost - $184,226) - 155.5% 191,087 Shares Held Short-Term Securities 1,311 CMA Florida Municipal Money Fund, 2.92% (j)(o) 1,311 Total Short-Term Securities (Cost - $1,311) - 1.1% 1,311 Total Investments (Cost - $185,537*) - 156.6% 192,398 Other Assets Less Liabilities - 2.0% 2,487 Preferred Shares, at Redemption Value - (58.6%) (72,047) ----------- Net Assets Applicable to Common Shares - 100.0% $ 122,838 =========== * The cost and unrealized appreciation (depreciation) of investments as of July 31, 2006, as computed for federal income tax purposes, were as follows: Aggregate cost $ 185,551 ================== Gross unrealized appreciation $ 7,067 Gross unrealized depreciation (220) ------------------ Net unrealized appreciation $ 6,847 ================== (a) AMBAC Insured. (b) Escrowed to maturity. (c) FGIC Insured. (d) FHLMC Collateralized. (e) FNMA Collateralized. (f) FSA Insured. (g) GNMA Collateralized. (h) MBIA Insured. (i) Prerefunded. (j) Investments in companies considered to be an affiliate of the Fund, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as follows: Net Dividend Affiliate Activity Income CMA Florida Municipal Money Fund 1,311 $34 Merrill Lynch Institutional Tax-Exempt Fund (2,600) --* * Amount is less than $1,000. (k) The rate disclosed is that currently in effect. This rate changes periodically and inversely based upon prevailing market rates. (l) ACA Insured. (m) CIFG Insured. (n) Assured Guaranty Insured. (o) Represents the current yield as of July 31, 2006. (p) Represents a zero coupon bond; the interest rate shown reflects the effective yield at the time of purchase.
Item 2 - Controls and Procedures 2(a) - The registrant's certifying officers have reasonably designed such disclosure controls and procedures to ensure material information relating to the registrant is made known to us by others particularly during the period in which this report is being prepared. The registrant's certifying officers have determined that the registrant's disclosure controls and procedures are effective based on our evaluation of these controls and procedures as of a date within 90 days prior to the filing date of this report. 2(b) - There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d)) that occurred during the last fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. Item 3 - Exhibits Certifications - Attached hereto 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. MuniYield Florida Insured Fund, Inc. By: /s/ Robert C. Doll, Jr. ----------------------- Robert C. Doll, Jr. Chief Executive Officer MuniYield Florida Insured Fund, Inc. Date: September 20, 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: /s/ Robert C. Doll, Jr. ----------------------- Robert C. Doll, Jr. Chief Executive Officer MuniYield Florida Insured Fund, Inc. Date: September 20, 2006 By: /s/ Donald C. Burke ----------------------- Donald C. Burke Chief Financial Officer MuniYield Florida Insured Fund, Inc. Date: September 20, 2006 EX-99.CERT 2 section302.txt SECTION 302 EX-99. CERT CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 I, Robert C. Doll, Jr., Chief Executive Officer of MuniYield Florida Insured Fund, Inc., certify that: 1. I have reviewed this report on Form N-Q of MuniYield Florida Insured Fund, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: September 20, 2006 /s/ Robert C. Doll, Jr. ------------------------ Robert C. Doll, Jr. Chief Executive Officer MuniYield Florida Insured Fund, Inc. EX-99. CERT CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 I, Donald C. Burke, Chief Financial Officer of MuniYield Florida Insured Fund, Inc., certify that: 1. I have reviewed this report on Form N-Q of MuniYield Florida Insured Fund, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: September 20, 2006 /s/ Donald C. Burke -------------------- Donald C. Burke Chief Financial Officer MuniYield Florida Insured Fund, Inc. -----END PRIVACY-ENHANCED MESSAGE-----