Take-out Companies
Information on Companies Recently Approved to Remove Policies from
Citizens Property Insurance Corporation
The information below is provided by the Office of
Insurance Regulation for the purpose of allowing Citizens'
policyholders and their agents to review the financial
status of companies recently approved by the Office to
remove policyholders from Citizens.
These companies, called "take-out companies," have all
met or exceeded Florida's rigorous statutory requirements to
attain a license from the Office to sell property insurance
in the state. It is intended that this information be used
to assist in making a well-informed decision on whether a
policyholder wishes to accept or deny a take-out offer.
If a policy is selected for removal, the take-out company
must first notify the policyholder's agent, who may refuse
to allow the policy to be removed from Citizens. If the
agent refuses, the policyholder will be notified by Citizens
that the agent refused to allow removal of the policy and
that the policyholder still has the choice to accept the
take-out offer.
The Office encourages policyholders to talk to their
agents, to call the take-out company or visit its Web site
if they have questions or would like more information.
Citizens policyholders may also visit the
"depopulation" section of the Citizens Web page and view
a wide variety of current and past take-out documents.
The information on this page is based upon information
submitted by these insurance companies to the Office. The
Office does not warrant the accuracy or completeness of this
information.
Citizens Property Insurance Corporation
Guidelines for Companies Interested in Submitting a Take-out Proposal
Requirements for Approved Take-out Companies
Pending Take-out Requests
Personal Residential Take-outs
There are no companies being considered for the June 7, 2011 personal
residential takeout. The Office is now accepting request for approval for
the July 12, 2011 personal residential takeout. Please see the Guidelines
for Companies Interested in Submitting a Take-out Proposal section for
submission deadlines. Please check back for a list of companies requesting
approval for this takeout date.
Companies Participating in the Personal Residential Take-out Program:
American Integrity
Insurance Company of Florida
Capitol Preferred Insurance Company
Florida Peninsula Insurance Company
Homeowners Choice Property and Casualty Insurance Company
Prepared Insurance
Company
Southern
Fidelity Insurance Company
Southern
Fidelity Property & Casualty, Inc.
Southern Oak Insurance Company
United
Property & Casualty Insurance Company