secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN COASTAL INSURANCE Corp (ACIC)
CIK:        0001401521
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001401521-23-000010
Event type: m_and_a
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UIHC transfers renewal rights on ~72K Florida policies to Slide Insurance, exits large portion of personal lines book
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- UPC cancels ~72,000 Florida HO3/DP3 policies; Slide simultaneously issues replacement stub policies effective Feb 1, 2023.
- No purchase price; Slide pays UPC only the unearned premium (less agent commissions and unpaid installments).
- UIM sells IP and data to Slide and provides policy admin services; receives 2% of gross earned premium on renewed policies.
- Transaction requires Florida OIR approval and Demotech reaffirmation of Slide's 'A' rating as condition precedent.
- UPC retains claims with loss date on or before Jan 31, 2023; Slide assumes claims from Feb 1, 2023 onward.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401521/000140152123000010/0001401521-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401521/000140152123000010/uihc-20230206.htm
  HTML page:      https://secwatch.observer/filing/0001401521-23-000010

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