Form of Unit Certificate



 Exhibit 4.6 
  

					
	 HCU
	 	HOMEOWNERS CHOICE, INC.	 	UNIT(S)
		 	 Incorporated under the Laws of the
 State of Florida
	 	

 UNIT(S) CONSISTING OF ONE SHARE OF COMMON STOCK AND ONE WARRANT 
 CUSIP 43741E 20 2 
 SEE REVERSE FOR CERTAIN
DEFINITIONS 
 THIS CERTIFIES THAT
                                         
                                         
                                         
                  IS THE OWNER OF
                                         
                                         
           UNIT(S). Each Unit (“Unit”) consists of one (1) share of common stock, no par value per share (“Common Stock”), of HOMEOWNERS CHOICE, INC., a
Florida corporation (the “Corporation”), and one warrant (“Warrant”). A single Warrant may not be exercised. Two Warrants may be exercised to acquire one share of the Corporation’s Common Stock for
$             per share (subject to adjustment). The Common Stock and Warrants comprising the Units represented by this certificate are not transferable separately until the
commencement of trading of the Units on The Nasdaq Global Market. The terms of the Warrants are governed by a Warrant Agreement, dated as of
                    , 2008 (the “Warrant Agreement”), between the Corporation and American Stock Transfer & Trust
Company, LLC, as Warrant Agent, and are subject to the terms and provisions contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof. Copies of the Warrant Agreement are on file at the
office of the Warrant Agent at 6201 15th Avenue, Brooklyn, New York 11219, and are available to any Warrant holder on written request and without cost.
This certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar of the Corporation. 
 WITNESS the
facsimile signature of its duly authorized officers. 
 Dated:
                                         
                
  

					
			
	  	 		 	  
	Secretary	 		 	President
			
	  	 		 	 
	Transfer Agent	 		 	








 HOMEOWNERS CHOICE, INC. 
 The Corporation will furnish without charge to each shareholder who so requests the powers, designations, preferences and relative, participating, option
or other special rights of each class of stock or series thereof of the Corporation and the qualifications, limitations, or restrictions of such preferences and/or rights. This certificate and the Units represented hereby are issued and shall be
held subject to the terms and conditions applicable to the securities underlying and comprising the Units. 
 The following abbreviations,
when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations: 
  

									
	 TEN COM
	  	–	  	as tenants in common	  	UNIF GIFT MIN ACT	  	             Custodian for                 
		  		  		  		  	  (Cust)                            (Minor)
	 TEN ENT
	  	–	  	tenants by the entireties	  		  	under Uniform Gifts to Minors
	 JT TEN
	  	–
	  	 as joint tenants with right of
 survivorship and not as

	  		  	
		  		  	tenants in common	  		  	Act:                                       
         
		  		  		  		  	    (State)

 Additional abbreviations may also be used though not in the above list. 
 For Value
Received,                                       
                                         
                                     hereby sell, assign and
transfer unto 
 INSERT SOCIAL SECURITY OR OTHER 
 IDENTIFYING NUMBER OF ASSIGNEE 
  
  
 (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) 
  
  
  
  
  
  
  
 Units represented by the within Certificate, and do hereby irrevocably constitute and appoint
                                         
            Attorney, to transfer the said Units on the books of the within named Corporation with full power of substitution in the premises. 
  

									
					
	Dated	 	 	 		 	By:	 	 
		 		 		 	NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY
CHANGE WHATEVER.

 Signature(s) Guaranteed: 
  

									
	By:	 	 	 		 		 	
	THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED
SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15).