secwatch.observer — SEC 8-K summary
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Issuer:     HCI Group, Inc. (HCI)
CIK:        0001400810
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0000950170-23-059455
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HCI subsidiary TypTap signs Assumption Agreement to assume policies from Florida's Citizens Property Insurance
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- Agreement effective Oct 31, 2023, covers policy assumptions during calendar year 2023.
- TypTap may assume policies from Florida's state-backed insurer under OIR-approved depopulation plan.
- TypTap must offer coverage to each assumed policy for at least three years using approved rates and forms.
- Office of Insurance Regulation issued consent order Sep 29, 2023, approving TypTap's assumption plan.
- TypTap must remain licensed, comply with Florida statutes, and report regulatory or financial issues to Citizens.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400810/000095017023059455/0000950170-23-059455-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400810/000095017023059455/hci-20231031.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-059455

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