The bill amends section 460.413 of the Florida Statutes, specifically addressing the management of patient funds held in trust by chiropractic physicians. It removes the previous limitation on the amount of patient funds that a chiropractic physician could hold in trust for specific purposes, which was capped at $1,500. The new language clarifies that money or property entrusted to a chiropractic physician for a specific purpose must be held in trust and applied solely to that purpose, while also ensuring that these funds are not subject to counterclaims for the physician's fees.

Additionally, the bill emphasizes the importance of maintaining the identity of patient funds and requires chiropractic physicians to keep complete records of all patient funds, securities, and properties in their possession. It mandates that these funds be deposited into identifiable bank accounts and outlines the conditions under which funds belonging to both the patient and the physician can be managed. The act is set to take effect on July 1, 2026.

Statutes affected:
S 192 Filed: 460.413