EXHIBIT 10.3

                              TERMINATION AGREEMENT

         THIS TERMINATION AGREEMENT, is made and entered into this ____ day of
January, 2003 ("Termination Date"), by and between Insurance Management
Solutions, Inc. ("IMS"), Bankers Insurance Group, Inc. ("BIG") and First
Community Insurance Company ("FCIC").

         WHEREAS, the parties hereto entered into that certain Technical Support
Services Agreement ("Technical Support Agreement"), dated April 1, 1999; and

         WHEREAS, the parties hereto wish to terminate the Technical Support
Agreement as to all parties, with no remaining liability as of the Termination
Date;

         NOW THEREFORE, in consideration of the mutual covenants and agreements
hereinafter set forth, as well as for other good and valuable consideration, the
parties hereto do covenant and agree as follows:

         1.       Pursuant to Section 1 C. of the Technical Support Agreement,
                  the parties hereto do mutually agree to terminate the
                  Technical Support Agreement as to all parties as of the
                  Termination Date.

         2.       All parties shall have no further liability to each other
                  under the Technical Support Agreement as of the Termination
                  Date.

         IN WITNESS WHEREOF, the parties hereto have caused these presents to be
duly executed by their corporate officers as of the day and year first above
written.

Witness:                                  INSURANCE MANAGEMENT SOLUTIONS, INC.


  s/s Nancy C. Haire                      BY: s/s David M. Howard
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                                          AS ITS:  President & CEO
                                                   ----------------------------


Witness:                                  FIRST COMMUNITY INSURANCE COMPANY


  s/s Nancy C. Haire                            BY: s/s Robert G. Southey
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                                                Robert G. Southey, Secretary


Witness:                                  BANKERS INSURANCE GROUP, INC.


  s/s  Nancy C. Haire                           BY:  s/s Robert G. Southey
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                                                Robert G. Southey, Secretary