Ozop Energy Solutions, Inc. announced the sale of the first Vehicle Service Contract for Electric Vehicles pursuant to the Reinsurance Contract between EV Insurance Company (DBA OZOP Plus) and American Bankers Insurance Company of Florida (“ABIC” or the “Ceding Company”). Royal Administrative Services, Inc. serves as the administrator for ABIC. The ceding of the battery portion of the premium from ABIC to OZOP Plus marks the Company's initial premium received for the battery coverage within the VSC.

The contract was sold at Beaver Toyota of Cumming ("Beaver Toyota"), an award-winning car dealership in the state of Georgia. The contract was purchased for a 2022 Tesla Model 3, a popular choice among environmentally conscious consumers. Patrick Abad, the General Manager of Beaver Toyota stated “Our dealership has been waiting for a product that gives customer the peace of mind they are seeking when purchasing an EV.

The “Fully Charged” Royal VSC, whereby the EV battery coverage is provided by OZOP Plus and marketed through a partnership with Trusted Sale, Inc. accomplishes just that.