Take-Out Companies
Overview
This page is provided by OIR for the purpose of giving Citizens Property Insurance Corporation (Citizens) policyholders and their agents the opportunity to review the financial status and coverage details of companies recently approved by OIR to remove policyholders as part of the Depopulation Program.
These companies, called "take-out companies," have all met or exceeded Florida's statutory requirements to obtain a Certificate of Authority from OIR in order to sell property insurance in the state. This information is provided to assist policyholders in making a well-informed decision on whether to accept or deny a take-out offer.
To assume policies from Citizens, private-market insurance companies must submit documentation to OIR to verify they meet OIR standards and have the financial resources and business plan in place to properly pay claims. If approved, OIR will issue a consent order indicating the number of policies eligible for removal, assumption date and any additional stipulations.
OIR encourages policyholders to talk to their agents, contact the take-out company or visit its website if they have questions. For more information about the take-out process, visit the Depopulation page on Citizens' website or contact the Citizens Customer Care Center at (888) 685-1555.
Requirements for Requesting Approval to Participate in the Takeout Process
2023 Assumption Calendar Deadlines
2022 Assumption Calendar Deadlines
Consent Orders
- Amended Order Approving Citizens Personal Residential & Commercial Lines Non-Bonus Depopulation (12/6/16)
- Order Approving Citizens Personal Residential & Commercial Lines Non-Bonus Depopulation Plan (11/30/2016)
- Order Approving Amendment to Citizens Personal Residential & Commercial Residential Non-Bonus Takeout Plans (6/25/2012)
- Order Approving Citizens Personal Residential & Commercial Residential Non-Bonus Take-out Plans (3/11/2008)
Companies Participating in the Personal/Commercial Residential Take-Out Program
Company Financial Statement Pages (as of 12/31/2016) Company Coverage Worksheets Take-Out Letters, Consent Orders, Orders by Assumption Date* American Colonial Insurance Company American Integrity Insurance Company of Florida Anchor Property & Casualty Insurance Company Avatar Property & Casualty Insurance Company - HO-3
- HO-6
- MDP-1
- MHO-3
Capitol Preferred Insurance
Company Cypress Property & Casualty Insurance Company Elements Property Insurance Company First Community InsuranceCompany Florida Peninsula InsuranceCompany Heritage Property & Casualty Insurance Company - 12/4/2012
- 1/8/2013
- 4/9/2013
- 6/28/2013
- 11/5/2013
- 12/10/2013
- 1/7/2014
- 2/4/2014
- 3/18/2014
- 8/19/2014
- 10/14/2014 & 10/21/2014
- 11/4/2014
- 11/18/2014
- 12/9/2014 & 12/16/2014
- 1/13/2015
- 2/10/2015 & 2/17/2015
- 3/17/2015 & 3/24/2015
- 4/14/2015 & 4/28/2015
- 5/12/2015 & 5/26/2015
- 6/16/2015 & 6/23/2015
- 7/14/2015 & 7/21/2015
- 9/15/2015 & 9/22/2015
- 10/20/2015 & 10/27/2015
- 10/20/2015 & 11/17/2015 & 11/24/2015
- 12/15/2015 & 12/22/2015
- 1/12/2016 & 1/19/2016
- 2/16/2016 & 2/23/2016
- 3/15/2016 & 3/22/2016
- 4/12/2016 & 4/19/2016
- 5/17/2016 & 5/24/2016
- 10/18/2016
Homeowners Choice Property & Casualty Insurance Company Maison Insurance Company Mount Beacon Insurance Company National Specialty Insurance Company Olympus Insurance Company Prepared Insurance Company Safe Harbor InsuranceCompany Safepoint InsuranceCompany Security First InsuranceCompany - N/A
Southern Fidelity InsuranceCompany Southern Fidelity Property & Casualty, Inc. Southern Oak InsuranceCompany - 9/6/2011
- 11/8/2011
- 1/10/2012
- 3/6/2012
- 7/10/2012
- 9/4/2012
- 11/6/2012
- 1/8/2013
- 3/5/2013
- 5/7/2013
- 7/9/2013
- 9/10/2013
- 11/5/2013
- 1/7/2014
- 4/15/2014
- 5/20/2014
- 7/15/2014
- 9/16/2014
- 11/18/2014
- 1/13/2015
- 3/24/2015
- 5/26/2015
- 7/21/2015
- 9/22/2015
- 11/24/2015
- 1/19/2016
- 3/22/2016
- 5/24/2016
- 7/19/2016
- 9/20/2016
- 11/22/2016
- 2/21/2017
- 4/18/2017
- 8/22/2017
- 10/17/2017
- 12/19/2017
- 2/20/2018
- 4/17/2018
- 4/19/2018
- 8/21/2018
- 10/16/2018
- 12/18/2018
Tower Hill Preferred InsuranceCompany Tower Hill Prime InsuranceCompany Tower Hill Select InsuranceCompany Tower Hill Signature Insurance Company United Property & CasualtyInsurance Company Universal Insurance Company of North America Weston Insurance Company
*The Consent Order is issued to the take-out company by the Office approximately two months before the actual assumption date to remove policyholders from Citizens. (Example – A consent order issued on September 23, 2013 is for an assumption date of November 5, 2013).
| Company | Financial Statement Pages (as of 12/31/2016) | Company Coverage Worksheets | Take-Out Letters, Consent Orders, Orders by Assumption Date* |
| American Colonial Insurance Company | |||
| American Integrity Insurance Company of Florida | |||
| Anchor Property & Casualty Insurance Company | |||
| Avatar Property & Casualty Insurance Company |
| ||
| Capitol Preferred Insurance Company | |||
| Cypress Property & Casualty Insurance Company | |||
| Elements Property Insurance Company | |||
First Community Insurance Company | |||
Florida Peninsula Insurance Company | |||
| Heritage Property & Casualty Insurance Company |
| ||
| Homeowners Choice Property & Casualty Insurance Company | |||
Maison Insurance Company | |||
Mount Beacon Insurance Company | |||
| National Specialty Insurance Company | |||
| Olympus Insurance Company | |||
| Prepared Insurance Company | |||
Safe Harbor Insurance Company | |||
Safepoint Insurance Company | |||
Security First Insurance Company |
| ||
Southern Fidelity Insurance Company | |||
| Southern Fidelity Property & Casualty, Inc. | |||
Southern Oak Insurance Company |
| ||
Tower Hill Preferred Insurance Company | |||
Tower Hill Prime Insurance Company | |||
Tower Hill Select Insurance Company | |||
| Tower Hill Signature Insurance Company | |||
United Property & Casualty Insurance Company | |||
| Universal Insurance Company of North America | |||
| Weston Insurance Company |
*The Consent Order is issued to the take-out company by the Office approximately two months before the actual assumption date to remove policyholders from Citizens. (Example – A consent order issued on September 23, 2013 is for an assumption date of November 5, 2013).