This bill amends section 624.1265 of the Florida Statutes, which outlines the conditions under which nonprofit religious organizations are exempt from the requirements of the Florida Insurance Code. The revised language specifies that these organizations must qualify under Title 26, section 501 of the Internal Revenue Code, limit their participants to those sharing common ethical or religious beliefs, and act as facilitators for financial, physical, or medical needs among participants. Additionally, the bill introduces a requirement for these organizations to conduct an annual audit by an independent certified public accounting firm, which must be made available to the public.

The bill also removes the previous stipulation that these organizations cannot market or sell health plans through licensed agents. This change aims to clarify the operational framework for nonprofit religious organizations while ensuring transparency through the audit requirement. The act is set to take effect on July 1, 2026.

Statutes affected:
S 834 Filed: 624.1265