As part of Florida's ongoing effort to reduce the number of policies in its state-created Citizen Property Insurance Corp., the state's Office of Insurance Regulation approved the removal of up to 47,831 personal residential policies and 500 commercial residential polices.

The policies are by the following companies:

This brings the total number of policies approved for take-outs in 2015 to 536,736. To date, 95,407 policies have been removed from Citizens in 2015. In 2014, the total number of policies approved for take-outs was 1,109,644.

By statute, policyholders may choose to remain covered by Citizens during take-out offers. However, they may be at risk of higher assessments.

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