FLOIR orders UPCIC run-off; all Florida policies cancelled by May 31, 2023

AMERICAN COASTAL INSURANCE Corp

UPCIC placed under FLOIR administrative supervision for duration of run-off.
MGA commission reduced to 13% effective Jan 1, 2023; weekly fee settlements from Oct 1, 2022.
All Florida policies must be cancelled by May 31, 2023; unearned premium payments due by June 1, 2023.
Reinsurance Allocation Agreement established for shared catastrophe limits with affiliate American Coastal.
UPCIC must actively facilitate policy placement with other insurers; non-compliance risks certificate revocation.

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