EXHIBIT 10.79

                         TERMINATION OF LEASE AGREEMENT

     THIS TERMINATION OF LEASE AGREEMENT is executed this 31st day of December,
2001 by and between Bankers Insurance Company, a Florida insurance company
("BIC") and Insurance Management Solutions Group, Inc., a Florida corporation
("IMSG").

                                R E C I T A L S
                                - - - - - - - -

1.   There is that certain Bankers Financial Center Lease Agreement made by and
     between BIC as "Landlord" dated January 7, 1997 and executed and effective
     as of January 1, 1998 and amended pursuant to the First Amendment of Lease
     dated August 1, 2001. The Lease as amended shall be herein called the,
     "Lease".

2.   BIC has, substantially simultaneously with the execution hereof executed
     and delivered a Purchase and Sale Agreement ("Purchase and Sale Agreement")
     by and between BIC as "Seller" and Osprey S.P. Properties LLC, a Florida
     limited liability company as "Buyer".

3.   Simultaneously with the execution and delivery of hereof Bankers Financial
     Corporation, a Florida corporation and IMSG have entered into a Sublease
     Agreement ("Sublease Agreement") on terms identical to the terms of the
     Lease.

4.   The Purchase and Sale Agreement requires the execution and delivery of this
     Termination Agreement.

     NOW, THEREFORE, IN CONSIDERATION OF the closing under the Purchase and
Sales Agreement, in further consideration of the execution and delivery of the
Sublease Agreement, as well as for other good and valuable consideration the
Lease is hereby terminated such termination to effective at the effective time
of the closing under the Purchase and Sale Agreement.

     IN WITNESS WHERE OF the parties hereto have set their hands and seals as
of the day and year first above set forth.

                                          Bankers Insurance Company,
                                          a Florida insurance company

                                          By: /s/ Edwin C. Hussemann
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                                                   SIGNATURE

                                                   Edwin C. Hussemann, Treasurer

                                          As Its:
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                                         (CORPORATE SEAL)