The Florida Office of Insurance Regulation said today that it has approved the plans of six insurance companies to remove another 100,000 homeowners policies next month from the state's insurer of last resort.

An announcement from Florida Insurance Commissioner Kevin McCarty said some of the companies already began taking out policies earlier this year from Citizens Property Insurance Corp., and others will begin with the June take-out.

Florida law allows Citizens' policyholders to refuse offers from the private companies and stay in Citizens. All of the take-out companies have agreed to offer the same or better coverage than the policyholder had with Citizens, and at the same or lower price, the OIR said.

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