UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549


FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): June 1, 2006


21ST CENTURY HOLDING COMPANY 
(Exact name of registrant as specified in its charter)


Florida
 
0-2500111
  
65-0248866
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(I.R.S. Employer Identification No.)


3661 West Oakland Park Blvd., Suite 300
      
Lauderdale Lakes, FL
 
33311
  
(Address of principal executive offices)
 
(Zip Code)
 
       
 
Registrant’s telephone number, including area code:  (954) 581-9993 
 
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 1.01         Entry into a Material Definitive Agreement.

21st Century Holding Company’s (the “Company”), wholly owned subsidiary, Federated National Insurance Company (“Federated National”), has entered into a Reimbursement Contract with The State Board of Administration of Florida (SBA) which administers the Florida Hurricane Catastrophe Fund (“FHCF”) for the 2006-2007 hurricane season.

The FHCF reinsurance contract will reimburse Federated National for covered property losses under its homeowners’ insurance policies resulting from hurricanes that cause damage in the State of Florida, the state in which Federated National is currently writing these types of policies, through May 31, 2007.

Under this contract, FHCF is responsible for 100% of losses in connection with named hurricanes in excess of $4.5 through the next $10 million in aggregate property losses per season.

Additionally, the FHCF has afforded coverage which includes a per season aggregate coverage of 90% of the covered losses between approximately $45.5 million and $143.7 million. Federated National’s premium for the FHCF reinsurance coverage will be approximately $15.0 million payable in three installments to the FHCF remitted between August 2006 and December 2006.


Item 9.01            Financial Statements and Exhibits.
       
(c)
 
Exhibits.
  
10.38
 
Reimbursement Contract between Federated National Insurance Company and The State Board of Administration of Florida (SBA) which administers the Florida Hurricane Catastrophe Fund (FHCF), effective June 1, 2006
  
10.39
  
Addendum No. 1 to the Reimbursement Contract between Federated National Insurance Company and The State Board of Administration of Florida (SBA) which administers the Florida Hurricane Catastrophe Fund (FHCF), effective June 1, 2006
  
10.40
  
Addendum No. 2 to the Reimbursement Contract between Federated National Insurance Company and The State Board of Administration of Florida (SBA) which administers the Florida Hurricane Catastrophe Fund (FHCF), effective June 1, 2006
  


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     
 
21ST CENTURY HOLDING COMPANY
 
 		  
 		  
 
Date: June 2, 2006 By:   /s/ J. Gordon Jennings, III
 
Name:    J. Gordon Jennings III
 
Title:       Chief Financial Officer
(Principal Accounting and Financial Officer)


EXHIBIT INDEX


Exhibit No.
 
Exhibit Title
  
10.38
 
Reimbursement Contract between Federated National Insurance Company and The State Board of Administration of Florida (SBA) which administers the Florida Hurricane Catastrophe Fund (FHCF), effective June 1, 2006
  
10.39
  
Addendum No. 1 to the Reimbursement Contract between Federated National Insurance Company and The State Board of Administration of Florida (SBA) which administers the Florida Hurricane Catastrophe Fund (FHCF), effective June 1, 2006
  
10.40
  
Addendum No. 2 to the Reimbursement Contract between Federated National Insurance Company and The State Board of Administration of Florida (SBA) which administers the Florida Hurricane Catastrophe Fund (FHCF), effective June 1, 2006