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.
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