This bill amends section 624.1265 of the Florida Statutes, which outlines the conditions under which nonprofit religious organizations are exempt from 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 facilitate assistance among participants with financial, physical, or medical needs. 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 requirement that these organizations must not market or sell health plans through agents licensed under chapter 626 of the Florida Statutes. This change aims to streamline the regulatory framework for nonprofit religious organizations while ensuring transparency and accountability through the new audit requirement. The act is set to take effect on July 1, 2026.

Statutes affected:
S 834 Filed: 624.1265
S 834 c1: 624.1265