Stock Purchase Agreement

Once a potential buyer has submitted an offer and the Receiver has accepted the offer, a sales agreement will need to be finalized. Below is a generic copy of a proposed sales agreement to provide you with an outline of the various requirements. Due to unique circumstances relating to each insurer, the Receiver reserves the right to modify this agreement to specifically address all aspects of the proposed transaction.

Sample - Stock Purchase Agreement

Note: Once the sales agreement is executed, it will need to be submitted to the Receivership Court for approval and then the approved buyer will need to file an acquisition application with the Florida Office of Insurance Regulation.