Edgar Filing: INSURANCE MANAGEMENT SOLUTIONS GROUP INC

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| OMB APPROVAL |
|---------------------|
|OMB NUMBER: 3235-0145|
UNITED STATES |EXPIRES: |
SECURITIES AND EXCHANGE COMMISSION | December 31, 2005|
Washington, D.C. 20549 |ESTIMATED AVERAGE |
|BURDEN HOURS |
|PER RESPONSE ...11 |
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SCHEDULE 13D
Under the Securities Exchange Act of 1934

(Amendment No. 6)*

Insurance Management Solutions Group, Inc.
------------------------------------------------------------
(Name of Issuer)

Common Stock, par value $.01 per share
-------------------------------------------------------------
(Title of Class of Securities)

458045101
------------------------------------------------------------
(CUSIP Number)

Bankers Insurance Group, Inc.
Attn: Robert G. Southey, Esq.
Secretary and General Counsel

360 Central Avenue
St. Petersburg, Florida 33701
(727) 823-4000

With a copy to:

Thomas J. Dougherty, Esq.
Skadden, Arps, Slate, Meagher & Flom LLP
One Beacon Street
Boston, MA 02108
(617)573-4800
------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)

November 22, 2000
------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box. [ ]

Note: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Section
240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).

SCHEDULE 13D

-------------------------------------------------------------------------------
CUSIP No. 0001063167 Page 2 of 18 Pages
-------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

Bankers Insurance Group, Inc.
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (X)
(b) ( )
-------------------------------------------------------------------------------
3 SEC USE ONLY

-------------------------------------------------------------------------------
4 SOURCE OF FUNDS

AF, WC

-------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )

-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION

Florida

-------------------------- ----------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0

SHARES ----------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
8,354,884 (see item 5)
OWNED BY ----------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
0
REPORTING
----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER

WITH 8,354,884 (see item 5)

-------------------------- ----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

8,354,884 (see item 5)
-------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ( )

-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

68.1%

-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON

-------------------------------------------------------------------------------

SCHEDULE 13D

-------------------------------------------------------------------------------
CUSIP No. 0001063167 Page 3 of 18 Pages
-------------------------------------------------------------------------------

1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

Bankers Insurance Company

-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (X)
(b) ( )
-------------------------------------------------------------------------------
3 SEC USE ONLY

-------------------------------------------------------------------------------
4 SOURCE OF FUNDS

-------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )

-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION

Florida

-------------------------- ----------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0

SHARES ----------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
3,528,455 (see item 5)
OWNED BY ----------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
0
REPORTING
----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER

WITH 3,528,455 (see item 5)

-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

3,528,455 (see item 5)
-------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ( )

-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

28.7%

-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON

-------------------------------------------------------------------------------

SCHEDULE 13D

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CUSIP No. 0001063167 Page 4 of 18 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

Bankers Security Insurance Company

--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (X)
(b) ( )
--------------------------------------------------------------------------------
3 SEC USE ONLY

--------------------------------------------------------------------------------
4 SOURCE OF FUNDS

--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )

--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION

Florida

-------------------------- -----------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0

SHARES -----------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
821,429 (see item 5)
OWNED BY -----------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
0
REPORTING
-----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER

WITH 821,429 (see item 5)

--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

821,429 (see item 5)
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ( )

--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

6.7%

--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON

--------------------------------------------------------------------------------

SCHEDULE 13D

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CUSIP No. 0001063167 Page 5 of 18 Pages

--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

Bonded Builders Service Corp.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (X)
(b) ( )
--------------------------------------------------------------------------------
3 SEC USE ONLY

--------------------------------------------------------------------------------
4 SOURCE OF FUNDS

--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )

--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION

Florida

-------------------------- -----------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0

SHARES -----------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
5,000 (see item 5)
OWNED BY -----------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
0
REPORTING
-----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER

WITH 5,000 (see item 5)

--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

5,000 (see item 5)
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ( )

--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

0.0%

--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON

--------------------------------------------------------------------------------

SCHEDULE 13D

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CUSIP No. 0001063167 Page 6 of 18 Pages

--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

Bankers Financial Corporation

--------------------------------------------------------------------------------
4 SOURCE OF FUNDS

--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )

--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION

Florida

-------------------------- -----------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0

SHARES -----------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
8,354,884 (see item 5)
OWNED BY -----------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
0
REPORTING
-----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER

WITH 8,354,884 (see item 5)

--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

8,354,884 (see item 5)
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ( )

--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

68.1%

--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON

--------------------------------------------------------------------------------

SCHEDULE 13D

-------------------------------------------------------------------------------
CUSIP No. 0001063167 Page 7 of 18 Pages
SCHEDULE 13D

--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

Bankers International Financial Corporation

--------------------------------------------------------------------------------
4 SOURCE OF FUNDS

--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )

--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION

Florida

-------------------------- -----------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0

WITH 8,354,884 (see item 5)

-------------------------- -----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

8,354,884 (see item 5)
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ( )

--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

68.1%

--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON

--------------------------------------------------------------------------------

SCHEDULE 13D

-------------------------------------------------------------------------------
CUSIP No. 0001063167 Page 8 of 18 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

Bankers International Financial Corporation, Ltd.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (X)
(b) ( )
--------------------------------------------------------------------------------
3 SEC USE ONLY

--------------------------------------------------------------------------------
4 SOURCE OF FUNDS

--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )

--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION

Cayman

-------------------------- -----------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0

WITH 8,354,884 (see item 5)

--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

8,354,884 (see item 5)
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ( )

--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

68.1%

--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON

--------------------------------------------------------------------------------

SCHEDULE 13D

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CUSIP No. 0001063167 Page 9 of 18 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

Ansbacher (Cayman) Limited , as trustee for
Bankers International Financial Corporation II Trust

--------------------------------------------------------------------------------
4 SOURCE OF FUNDS

--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )

--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION

Cayman

-------------------------- -----------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0

WITH 8,354,884 (see item 5)

--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

8,354,884 (see item 5)
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ( )

--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

68.1%

--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON

--------------------------------------------------------------------------------

SCHEDULE 13D

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CUSIP No. 0001063167 Page 10 of 18 Pages
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

Independent Foundation for the Pursuit of Charitable Endeavors,
Ltd.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (X)
(b) ( )
--------------------------------------------------------------------------------
3 SEC USE ONLY

--------------------------------------------------------------------------------
4 SOURCE OF FUNDS

--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )

--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION

Cayman

-------------------------- -----------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
0

WITH 8,354,884 (see item 5)

--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

8,354,884 (see item 5)
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ( )

--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

68.1%

--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON

--------------------------------------------------------------------------------

Note: This Amendment No. 6 to Schedule 13D amends the Statement on
Schedule 13D dated May 24, 2002 (the "Schedule 13D"), as
amended by Amendment No. 1 dated July 19, 2002 ("Amendment
No. 1"), Amendment No. 2 dated August 8, 2002 ("Amendment
No. 2"), Amendment No. 3 dated August 16, 2002 ("Amendment
No. 3"), Amendment No. 4 dated November 25, 2002 ("Amendment
No. 4") and Amendment No. 5 dated January 10, 2003
("Amendment No. 5") filed on behalf of (i) Bankers Insurance
Group, Inc., a Florida corporation ("BIG"), as a direct
beneficial owner of Common Stock; (ii) Bankers Insurance
Company, a Florida corporation and wholly-owned subsidiary
of BIG ("BIC"), as a direct beneficial owner of Common
Stock; (iii) Bankers Security Insurance Company, a Florida
corporation and jointly-owned subsidiary of BIG and BIC
("BSIC"), as a direct beneficial owner of Common Stock; (iv)
Bankers Financial Corporation ("BFC"), Bankers International
Financial Corporation ("BIFC") and Bankers International
Financial Corporation, Ltd. ("BIFC Ltd."), all of which are
Florida corporations, except BIFC Ltd., which is a Cayman
Islands corporation, as the direct, indirect and ultimate
parent corporations, respectively, of BIG; (v) Ansbacher
(Cayman) Limited ("Ansbacher"), as trustee of the Bankers
International Financial Corporation II Trust, a
discretionary charitable trust which includes all of the
outstanding shares of BIFC Ltd.; and (vi) Independent
Foundation for the Pursuit of Charitable Endeavors, Ltd.,
("IFPCE"), a not-for-profit Cayman company, which possesses
certain discretionary powers to direct Ansbacher's ultimate
disposition of the shares of BIFC Ltd., relating to the
Common Stock (as defined in the Schedule 13D).

Item 2. Identity and Background.

Item 2 of the Schedule 13D is hereby amended and restated as
follows: (capitalized terms used, but not otherwise defined, herein have the
meanings ascribed thereto in the Schedule 13D, Amendment No. 1, Amendment No.
2, Amendment No. 3, Amendment No. 4 or Amendment No. 5):

This statement is filed jointly by each of the following
persons pursuant to Rule 13d-1(k) promulgated under Section 13 of the
Securities Exchange Act of 1934, as amended: (i) Bankers Insurance Group,
Inc., a Florida corporation ("BIG"), as a direct beneficial owner of Common
Stock; (ii) Bankers Insurance Company, a Florida corporation and wholly-owned
subsidiary of BIG ("BIC"), as a direct beneficial owner of Common Stock; (iii)
Bankers Security Insurance Company, a Florida corporation and jointly-owned
subsidiary of BIG and BIC ("BSIC"), as a direct beneficial owner of Common
Stock; (iv) Bonded Builders Service Corp., a Florida corporation and indirect,
wholly-owned subsidiary of BIG ("BBSC"), as a direct beneficial owner of
Common Stock; (v) Bankers Financial Corporation ("BFC"), Bankers International
Financial Corporation ("BIFC") and Bankers International Financial
Corporation, Ltd. ("BIFC Ltd."), all of which are Florida corporations, except
BIFC, Ltd., which is a Cayman Islands corporation, as the direct, indirect and
ultimate parent corporations, respectively, of BIG; (vi) Ansbacher (Cayman)
Limited ("Ansbacher"), as trustee of the Bankers International Financial
Corporation II Trust, a discretionary charitable trust which includes all of
the outstanding shares of BIFC Ltd.; and (vii) Independent Foundation for the
Pursuit of Charitable Endeavors, Ltd., ("IFPCE"), a not-for-profit Cayman
company, which possesses certain discretionary powers to direct Ansbacher to
dispose of the shares of BIFC Ltd.

Information with respect to each of the reporting persons is
given solely by such reporting person, and no reporting person assumes
responsibility for the accuracy or completeness of information provided by
another reporting person. By their signatures on this statement, each of the
reporting persons agrees that this statement is filed on behalf of such
reporting person.

(a)-(c), (f) The name and place of organization of each
reporting person hereto (each, a "Reporting Person") is herein incorporated by
reference to the responses to Items 1 and 6 on the cover page provided for
each respective Reporting Person. The name, address and principal occupation,
as applicable, of each director or executive officer of each Reporting Person
(each, a "Disclosed Party" and collectively, the "Disclosed Parties") is set
forth on Schedules 1-A through 1-H hereto. Each Disclosed Party, except for
Cromer Limited, Cawsand Limited and Parker Limited, each of which are Cayman
Islands corporations, is, to the respective Reporting Person's knowledge, a
citizen of the United States.

Headquartered in St. Petersburg, Florida, BIG is comprised
of two property and casualty insurance companies, BIC and BSIC, a life and
health insurer, an extensive sales and marketing organization, and a variety
of related enterprises, including among others, BBSC, a home warranty company.
The principal executive offices of BIG, BIC, BSIC, BFC and BIFC are
located at 360 Central Avenue, St. Petersburg, Florida 33701. The principal
executive offices of BBSC are located at 2201 Corporate Blvd. NW, Suite 100,
Boca Raton, Florida 33431. The principal executive offices of BIFC Ltd. and
Ansbacher are located at Ansbacher House, Jeanette Street, P.O. Box 887,
George Town, Grand Cayman, British West Indies. The principal executive
offices of IFPCE are located at P.O. Box 1369 GT, Fort Street, Grand Cayman,
British West Indies.

(d)-(e) During the last five years, no Reporting Person or,
to the knowledge of any Reporting Person, any Disclosed Party related to such
Reporting Person, has been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or has been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and
as a result of such proceeding was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any
violation with respect to such laws.

Item 3. Source and Amount of Funds or Other Consideration.

Item 3 of the Schedule 13D is hereby amended by adding the
following:

On April 26, 2000, pursuant to a Stock Purchase Agreement
dated May 10, 1999 among BBSC, the shareholders of BBSC, Bankers Home Warranty
Association, Inc., a Florida corporation and wholly-owned subsidiary of BIG,
and BIG, BIG acquired BBSC and certain other affiliated entities for an
aggregate purchase price of $8,556,666 in cash. At the time of the
acquisition, BBSC held 5,000 shares of Common Stock.

Item 4. Purpose of the Transaction.

Item 4 of the Schedule 13D is hereby amended by adding the
following:

BBSC acquired the shares of Common Stock for investment
purposes, and BIG acquired BBSC to expand its existing product lines.

Item 5. Interest in the Securities of the Issuer.

Item 5, paragraphs (a) and (b) of the Schedule 13D are
hereby amended and restated as follows:

(a) According to the Issuer's quarterly report on Form 10-Q
as filed with the Commission on November 14, 2002, on November 12, 2002 there
were 12,276,063 shares of Common Stock issued and outstanding. The Reporting
Persons beneficially own, directly or indirectly, an aggregate of 8,354,884
shares of Common Stock (representing approximately 68.1% of the outstanding
shares of Common Stock) of which 4,000,000 shares (representing approximately
32.6% of the outstanding shares of Common Stock) are directly owned by BIG,
3,528,455 shares (representing approximately 28.7% of the outstanding shares
of Common Stock) are directly owned by BIC, 821,429 shares (representing
approximately 6.7% of the outstanding shares of Common Stock) are directly
owned by BSIC and 5,000 shares (representing approximately 0.04% of the
outstanding shares of Common Stock) are directly owned by BBSC.

Of the Disclosed Parties named in Item 2, Robert M. Menke
directly beneficially owns 162,200 shares of Common Stock (representing
approximately 1.3% of the outstanding shares of Common Stock), Bill Gunter
directly beneficially owns 500 shares of Common Stock (representing less than
1% of the outstanding shares of Common Stock), J. Wayne Mixson directly
beneficially owns 53,000 shares of Common Stock (representing less than 1% of
the outstanding shares of Common Stock), Brett M. Menke directly beneficially
owns 12,000 shares of Common Stock (representing less than 1% of the
outstanding shares of Common Stock), David K. Meehan directly beneficially
owns 2,200 shares of Common Stock (representing less than 1% of the
outstanding shares of Common Stock), Edwin C. Hussemann directly beneficially
owns 1,400 shares of Common Stock (representing less than 1% of the
outstanding shares of Common Stock), Steven K. Kurcan directly beneficially
owns 200 shares of Common Stock (representing less than 1% of the outstanding
shares of Common Stock) and Kathleen M. Batson directly beneficially owns 200
shares of Common Stock (representing less than 1% of the outstanding shares of
Common Stock).

Each of the Disclosed Parties disclaims membership in a
"group" for purposes of Section 13 of the Securities Exchange Act of 1934, as
amended. The filing of this Schedule 13D shall not be construed as an
admission that any Disclosed Party is the beneficial owner of shares held by a
group or that any Disclosed Party constitutes a group. Each Reporting Person
and Disclosed Party is not responsible for the accuracy of any information
filed in this Schedule 13D relating to any Reporting Person or Disclosed Party
other than itself and its related persons or entities.

(b) The Reporting Persons possess shared power to direct the
voting and disposition of the shares of Common Stock held in the aggregate
thereby. The Disclosed Parties possess sole power to direct the voting and
disposition of their respective shares of Common Stock.

Item 7. Material to be Filed as Exhibits.

4.1 Letter from BIG to the Special Committee dated March
21, 2002 (1)

4.2 Letter from BIG to the Special Committee dated July
16, 2002 (3)

4.3 Letter from BIG to the Special Committee dated August
5, 2002 (4)

4.4 Letter from Insurance Management Solutions Group, Inc.
to Bankers Insurance Group, Inc., Bankers Insurance
Company, Bankers Security Insurance Company and
Bankers Management Corporation dated as of November
21, 2002. (6)

10.1 Agreement and Plan of Merger dated as of August 14,
2002 among Bankers Insurance Group, Inc., Bankers
Insurance Company, Bankers Security Insurance Company,
Bankers Management Corporation and Insurance
Management Solutions Group, Inc. (5)

10.2 Stock Purchase and Sale Agreement dated as of December
31, 2002 between Bankers Security Insurance Company
and Bankers Insurance Group, Inc. (7)

99.1 Agreement of Joint Filing dated as of May 24, 2002
among Bankers Insurance Group, Inc., Bankers Insurance
Company, Bankers Security Insurance Company, Bankers
Financial Corporation, Bankers International Financial
Corporation, Bankers International Financial
Corporation, Ltd., Ansbacher (Cayman) Limited, as
trustee of the Bankers International Financial
Corporation II Trust and Independent Foundation for
the Pursuit of Charitable Endeavors, Ltd. (1)

99.2 Power of Attorney for Bankers International Financial
Corporation, Ltd. (1)

99.3 Power of Attorney for Ansbacher (Cayman) Limited, as
trustee for the Bankers International Financial
Corporation II Trust (1)

99.4 Power of Attorney for Independent Foundation for the
Pursuit of Charitable Endeavors, Ltd. (2)

99.5 Amended and Restated Agreement of Joint Filing dated
as of February 4, 2003 among Bankers Insurance Group,
Inc., Bankers Insurance Company, Bankers Security
Insurance Company, Bonded Builders Service Corp.,
Bankers Financial Corporation, Bankers International
Financial Corporation, Bankers International Financial
Corporation, Ltd., Ansbacher (Cayman) Limited, as
trustee of the Bankers International Financial
Corporation II Trust and Independent Foundation for
the Pursuit of Charitable Endeavors, Ltd.

(1) Incorporated by reference to the Reporting Persons' Schedule 13D filed
with the SEC on May 24, 2002.

(2) Incorporated by reference to the Reporting Persons' Schedule 13G filed
with the SEC on April 5, 2000.

(3) Incorporated by reference to the Reporting Persons' Schedule 13D-A,
Amendment No. 1, filed with the SEC on July 19, 2002.

(4) Incorporated by reference to the Reporting Persons' Schedule 13D-A,
Amendment No. 2, filed with the SEC on August 9, 2002.

(5) Incorporated by reference to the Reporting Persons' Schedule 13D-A,
Amendment No. 3, filed with the SEC on August 16, 2002.

(6) Incorporated by reference to the Reporting Persons' Schedule 13D-A,
Amendment No. 4, filed with the SEC on November 25, 2002.

(7) Incorporated by reference to the Reporting Persons' Schedule 13D-A,
Amendment No. 5, filed with the SEC on January 10, 2003.

The Index of Exhibits attached to this Statement is hereby incorporated by
reference in its entirety.

SIGNATURES

After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.

Dated: February 3, 2003

BANKERS INSURANCE GROUP, INC.

By: /s/ Robert G. Southey
-----------------------------
Name: Robert G. Southey
Title: Secretary
General Counsel
Vice President

BANKERS INSURANCE COMPANY

By: /s/ Robert G. Southey
-----------------------------
Name: Robert G. Southey
Title: Secretary
General Counsel
Vice President

BANKERS SECURITY INSURANCE COMPANY

By: /s/ Robert G. Southey
-----------------------------
Name: Robert G. Southey
Title: Secretary
General Counsel
Vice President

BONDED BUILDERS SERVICE CORP.

By: /s/ Edwin C. Hussemann
-----------------------------
Name: Edwin C. Hussemann
Title: Director
Vice President

BANKERS FINANCIAL CORPORATION

By: /s/ David K. Meehan
-----------------------------
Name: David K. Meehan
Title: Director
Vice Chairman
President

BANKERS INTERNATIONAL FINANCIAL CORPORATION

By: /s/ David K. Meehan
-----------------------------
Name: David K. Meehan
Title: Director
Vice Chairman
President

BANKERS INTERNATIONAL FINANCIAL CORPORATION, LTD.

By: /s/ David K. Meehan
-----------------------------
Name: David K. Meehan
Title: Attorney-in-fact under
Power dated 5/16/02

ANSBACHER (CAYMAN) LIMITED,
AS TRUSTEE FOR THE BANKERS INTERNATIONAL
FINANCIAL CORPORATION II TRUST

By: /s/ David K. Meehan
-----------------------------
Name: David K. Meehan
Title: Attorney-in-fact under
Power dated 5/16/02

INDEPENDENT FOUNDATION FOR THE
PURSUIT OF CHARITABLE ENDEAVORS, LTD.

By: /s/ David K. Meehan
-----------------------------
Name: David K. Meehan
Title: Attorney-in-fact under
Power dated 2/10/99

Schedule 1-A

BANKERS INSURANCE GROUP, INC.

DIRECTORS AND EXECUTIVE OFFICERS

The name and present principal occupation of each director and executive
officer of Bankers Insurance Group, Inc. are set forth below. The business
address for each person listed below, unless otherwise indicated, is c/o
Bankers Insurance Group, Inc., 360 Central Avenue, St. Petersburg, Florida
33701.

..................................... ....................................... ......................................
Item 2

Name Occupation Business Address
..................................... ....................................... ......................................
..................................... ....................................... ......................................
Robert M. Menke Director, Chairman, President
..................................... ....................................... ......................................
..................................... ....................................... ......................................
David J. Nye Director, Vice Chairman and Professor University of Florida
P.O. Box 117168
Gainesville, FL 32611

..................................... ....................................... ......................................
..................................... ....................................... ......................................
Douglas B. Pierce Director, Vice Chairman
..................................... ....................................... ......................................
..................................... ....................................... ......................................
Edwin C. Hussemann Director, Treasurer
..................................... ....................................... ......................................
..................................... ....................................... ......................................
David K. Meehan Director, Vice Chairman
..................................... ....................................... ......................................
..................................... ....................................... ......................................
Bill Gunter Director Rogers, Atkins, Gunter & Associates
Insurance Inc.
1117 Thomasville Road
Tallahassee, FL 32303

Schedule 1-B

BANKERS INSURANCE COMPANY

DIRECTORS AND EXECUTIVE OFFICERS

The name and present principal occupation of each director and executive
officer of Bankers Insurance Company are set forth below. The business address
for each person listed below, unless otherwise indicated, is c/o Bankers
Insurance Company, 360 Central Avenue, St. Petersburg, Florida 33701.

................................. ........................................... ...................................
Item 2
Name Occupation Business Address
................................. ........................................... ...................................
................................. ........................................... ...................................
David J. Nye Director, Chairman and Professor University of Florida
P.O. Box 117168
Gainesville, FL 32611

................................. ........................................... ...................................

................................. ........................................... ...................................
Edwin C. Hussemann Director, Treasurer
................................. ........................................... ...................................

................................. ........................................... ...................................
Robert M. Menke Director
................................. ........................................... ...................................

................................. ........................................... ...................................
David K. Meehan Director, Vice Chairman, President
................................. ........................................... ...................................

................................. ........................................... ...................................
Bill Gunter Director Rogers, Atkins, Gunter &
Associates Insurance Inc.
1117 Thomasville Road
Tallahassee, FL 32303
................................. ........................................... ...................................

................................. ........................................... ...................................
J. Wayne Mixson Director
................................. ........................................... ...................................

................................. ........................................... ...................................
John A. Strong Director and Doctor 301 East Wendover Ave.
Suite 100
Greensboro, NC 27401

................................. ........................................... ...................................

................................. ........................................... ...................................
Douglas B. Pierce Director, Executive Vice President
................................. ........................................... ...................................

................................. ........................................... ...................................
Robert G. Southey Secretary, Vice President
................................. ........................................... ...................................

................................. ........................................... ...................................
Kathleen M. Batson Senior Vice President
................................. ........................................... ...................................

................................. ........................................... ...................................
Brian J. Kesneck Vice President
................................. ........................................... ...................................

................................. ........................................... ...................................
Barbara A. Peat Vice President
................................. ........................................... ...................................

................................. ........................................... ...................................
Teresa D. Heller Vice President
................................. ........................................... ...................................

Schedule 1-C

BANKERS SECURITY INSURANCE COMPANY

DIRECTORS AND EXECUTIVE OFFICERS

The name and present principal occupation of each director and executive
officer of Bankers Security Insurance Company are set forth below. The
business address for each person listed below, unless otherwise indicated, is
c/o Bankers Security Insurance Company, 360 Central Avenue, St. Petersburg,
Florida 33701.

.................................. ......................................... ...................................
Item 2
Name Occupation Business Address
.................................. ......................................... ...................................
.................................. ......................................... ...................................
David J. Nye Director, Chairman and Professor University of Florida
P.O. Box 117168
Gainesville, FL 32611

.................................. ......................................... ...................................
.................................. ......................................... ...................................
Edwin C. Hussemann Director, Treasurer
.................................. ......................................... ...................................
.................................. ......................................... ...................................
Robert M. Menke Director
.................................. ......................................... ...................................
.................................. ......................................... ...................................
David K. Meehan Director, Vice Chairman, President
.................................. ......................................... ...................................
.................................. ......................................... ...................................
Bill Gunter Director Rogers, Atkins, Gunter &
Associates Insurance Inc.
1117 Thomasville Road
Tallahassee, FL 32303

.................................. ......................................... ...................................
.................................. ......................................... ...................................
Douglas B. Pierce Director, Executive Vice President
.................................. ......................................... ...................................
.................................. ......................................... ...................................
Robert G. Southey Secretary, Vice President
.................................. ......................................... ...................................
.................................. ......................................... ...................................
Kathleen M. Batson Senior Vice President
.................................. ......................................... ...................................
.................................. ......................................... ...................................
Barbara A. Peat Vice President
.................................. ......................................... ...................................
.................................. ......................................... ...................................
Teresa D. Heller Vice President
.................................. ......................................... ...................................

Schedule 1-D

BONDED BUILDERS SERVICE CORP.

DIRECTORS AND EXECUTIVE OFFICERS

The name and present principal occupation of each director and executive
officer of Bonded Builders Service Corp. are set forth below. The business
address for each person listed below, unless otherwise indicated, is c/o
Bonded Builders Service Corp., 2201 Corporate Blvd. NW, Suite 100, Boca Raton,
Florida 33431.

.................................. ...................................... ....................................
Item 2
Name Occupation Business Address
.................................. ...................................... ....................................
.................................. ...................................... ....................................
Brian J. Kesneck Director, Chairman c/o Bankers Insurance
Group, Inc.
360 Central Avenue
St. Petersburg, Florida 33701
.................................. ...................................... ....................................
.................................. ...................................... ....................................
Edwin C. Hussemann Director, Vice President c/o Bankers Insurance
Group, Inc.
360 Central Avenue
St. Petersburg, Florida 33701
.................................. ...................................... ....................................
.................................. ...................................... ....................................
David K. Meehan Director c/o Bankers Insurance
Group, Inc.
360 Central Avenue
St. Petersburg, Florida 33701
.................................. ...................................... ....................................
.................................. ...................................... ....................................
B. Bradford Martz Director, Vice President c/o Bankers Insurance
Group, Inc.
360 Central Avenue
St. Petersburg, Florida 33701
................................. ...................................... ....................................
.................................. ...................................... ....................................
Whit Ward Director, President, Secretary

.................................. ...................................... ....................................

Schedule 1-E

BANKERS FINANCIAL CORPORATION

DIRECTORS AND EXECUTIVE OFFICERS

The name and present principal occupation of each director and executive
officer of Bankers Financial Corporation are set forth below. The business
address for each person listed below, unless otherwise indicated, is c/o
Bankers Financial Corporation, 360 Central Avenue, St. Petersburg, Florida
33701.

.................................. .......................................... .................................
Item 2
Name Occupation Business Address
.................................. .......................................... .................................
.................................. .......................................... .................................
Robert M. Menke Director, Chairman
.................................. .......................................... .................................
.................................. .......................................... .................................
Robert G. Menke Director
.................................. .......................................... .................................
.................................. .......................................... .................................
David K. Meehan Director, Vice Chairman, President
.................................. .......................................... .................................
.................................. .......................................... .................................
Edwin C. Hussemann Director, Treasurer
.................................. .......................................... .................................
.................................. .......................................... .................................
Brett M. Menke Director
.................................. .......................................... .................................
.................................. .......................................... .................................
Kenneth P. Cherven Director and President, Director First Community Bank of America
9001 Belcher Road
Pinellas Park, Florida 33781

St. Petersburg, Florida 33701

Schedule 1-F

BANKERS INTERNATIONAL FINANCIAL CORPORATION

DIRECTORS AND EXECUTIVE OFFICERS

The name and present principal occupation of each director and executive
officer of Bankers International Financial Corporation are set forth below.
The business address for each person listed below, unless otherwise indicated,
is c/o Bankers International Financial Corporation, 360 Central Avenue, St.
Petersburg, Florida 33701.

.................................. ...................................... ..................................
Item 2
Name Occupation Business Address
.................................. ...................................... ..................................
.................................. ...................................... ..................................
Robert M. Menke Director, Chairman
.................................. ...................................... ..................................
.................................. ...................................... ..................................
Robert G. Menke Director
.................................. ...................................... ..................................
.................................. ...................................... ..................................
David K. Meehan Director, Vice Chairman, President
.................................. ...................................... ..................................
.................................. ...................................... ..................................
Edwin C. Hussemann Director, Treasurer
.................................. ...................................... ..................................
.................................. ...................................... ..................................
Brett M. Menke Director
.................................. ...................................... ..................................
.................................. ...................................... ..................................
Kenneth P. Cherven Director and President, Director First Community Bank of America
9001 Belcher Road
Pinellas Park, Florida 33781

St. Petersburg, Florida 33701

.................................. ...................................... ..................................

Schedule 1-G

BANKERS INTERNATIONAL FINANCIAL CORPORATION, LTD.

DIRECTORS AND EXECUTIVE OFFICERS

The name and present principal occupation of each director and executive
officer of Bankers International Financial Corporation, Ltd. are set forth
below. The business address for each person listed below, unless otherwise
indicated, is BANKAMERICA Building, 67 Fort Street, P. O. Box 1369, George
Town, Grand Cayman, B.W.I.

Schedule 1-H

INDEPENDENT FOUNDATION FOR THE PURSUIT OF CHARITABLE ENDEAVORS, LTD.

DIRECTORS AND EXECUTIVE OFFICERS

The name and present principal occupation of each director and executive
officer of Independent Foundation for the Pursuit of Charitable Endeavors,
Ltd. are set forth below. The business address for each person listed below,
unless otherwise indicated, is c/o P.O. Box 1369 GT, Fort Street, Grand
Cayman, British West Indies.

St. Petersburg, Florida 33701

INDEX OF EXHIBITS

Number Description