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Fla. regulator approves Citizens Property Insurance takeouts

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Fla. regulator approves Citizens Property Insurance takeouts

The Florida Office of Insurance Regulation has approved Southern Oak Insurance Co. to remove up to 10,000 coastal account policies and up to 5,000 personal lines account policies from Citizens Property Insurance Corp.

Separately, National Specialty Insurance Co. received approval to remove up to 4,520 coastal account policies. The approvals are for the Aug. 22 take-out period.