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.
|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|
|Cypress Property & Casualty Insurance Company|
|Elements Property Insurance Company|
First Community Insurance
Florida Peninsula Insurance
|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
Security First Insurance
Southern Fidelity Insurance
|Southern Fidelity Property & Casualty, Inc.|
Southern Oak Insurance
Tower Hill Preferred Insurance
Tower Hill Prime Insurance
Tower Hill Select Insurance
|Tower Hill Signature Insurance Company|
United Property & Casualty
|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).