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 amendments include the addition of 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. Additionally, the bill removes the previous stipulation that these organizations cannot market or sell health plans through licensed agents.

Furthermore, the bill mandates that any nonprofit religious organization or its licensed agents that facilitate health care sharing arrangements must provide a written disclaimer with all applications and guideline materials. This disclaimer clarifies that the organization is not an insurance company and that participation in the organization does not equate to having insurance coverage, emphasizing that individuals are personally responsible for their medical bills. The act is set to take effect on July 1, 2026.

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