---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-051149"
form_type: "8-K"
ticker: "HCI"
cik: "0001400810"
company_name: "HCI Group, Inc."
filed_at: "2023-10-02T23:59:59+00:00"
generated_at: "2026-06-10T06:19:30.757691+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# HCI unit signs agreement to assume policies from Florida's Citizens Property Insurance

## Summary
- Homeowners Choice Property & Casualty entered an Assumption Agreement with Citizens Property Insurance Corp. to assume policies under Florida's depopulation program.
- Agreement effective Sept. 26, 2023, covers Assumptions from Jan. 1, 2023, through Dec. 31, 2023; Insurer must offer coverage for at least three years.
- Assumptions require approval from the Florida Office of Insurance Regulation; Insurer must maintain compliance with all conditions.
- If Insurer default occurs (e.g., regulatory action), Citizens may prohibit further Assumptions; Insurer bears costs of audits.
- Insurer must appoint or have limited servicing agreements with agents of record for selected policies and pay commissions per Florida law.

## SEC filing metadata
- accession: 0000950170-23-051149
- form_type: 8-K
- ticker: HCI
- cik: 0001400810
- company_name: HCI Group, Inc.
- filed_at: 2023-10-02T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1400810/000095017023051149/0000950170-23-051149-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1400810/000095017023051149/hci-20230926.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-051149
- JSON: https://secwatch.observer/filing/0000950170-23-051149.json
- Plain text: https://secwatch.observer/filing/0000950170-23-051149.txt

## Key facts
- Material Agreements
  HCI Group, Inc. entered into Assumption Agreement with Citizens Property Insurance Corporation (effective 2023-09-26).
  - Action: entry
  - Counterparty: Citizens Property Insurance Corporation
  - Effective: 2023-09-26
  source text: On September 26, 2023, our subsidiary Homeowners Choice Property & Casualty Insurance Company, Inc. entered into an Assumption Agreement with Citizens Property Insurance Corporation, an entity created by the Florida Legislature.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1400810/000095017023051149/0000950170-23-051149-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.