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SEC FILE NUMBER
000-25273
CUSIP NUMBER
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):[X]Form 10-K [ ]Form 20-F [ ]Form 11-K [ ]Form 10-Q [ ]Form N-SAR
For Period Ended: December 31, 2000
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
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PART I - REGISTRANT INFORMATION
Insurance Management Solutions Group, Inc.
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Full Name of Registrant
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Former Name if Applicable
360 Central Avenue
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Address of Principal Executive Office (Street and Number)
St. Petersburg, Florida 33701
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City, State and Zip Code
PART II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following
should be completed. (Check box if appropriate.)
(a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
[X] (b) The subject annual report, semi-annual report, transition report
on Form 10-K, Form 20-F, Form 11-K, Form N-SAR, or portion
thereof, will be filed on or before the fifteenth calendar day
following the prescribed due date; or the subject quarterly
report or transition report on Form 10-Q, or portion thereof,
will be filed on or before the fifth calendar day following
the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule
12b-25 has been attached if applicable.
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PART III - NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 10-K, 10-Q, N-SAR,
or the transition report or portion thereof, could not be filed within the
prescribed time period. (Attach Extra Sheets if Needed).
The Registrant is unable to file its Form 10-K for the year ended December 31,
2000 within the prescribed time period due to various open matters that may
materially impact upon disclosures to be made in such Form 10-K, including (i)
continuing negotiation of the termination of a contractual relationship with an
unaffiliated customer, (ii) ongoing negotiations regarding the Registrant's
ability to access the excess cash of its Geotrac of America, Inc. subsidiary,
and (iii) negotiation of ongoing contractual relationships with Registrant's
affiliated customers and its parent company, Bankers Insurance Group, Inc.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Christopher P. Breakiron 727 803-2040
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months (or for such shorter
period that the registrant was required to file such reports) been
filed? If answer is no, identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject
report or portion thereof?
[ ] Yes [X] No
Insurance Management Solutions Group, Inc.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: April 2, 2001 by: /S/ Christopher B. Breakiron
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CHRISTOPHER B. BREAKIRON
CHIEF FINANCIAL OFFICER, TREASURER AND SECRETARY
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