SENATE AMENDMENT
    Bill No. SB 482
    Amendment No. ___   Barcode 064434
                            CHAMBER ACTION
              Senate                               House
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11  Senator Pruitt moved the following amendment to amendment
12  (195056):
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14         Senate Amendment (with title amendment) 
15         On page 8, between lines 8 and 9,
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17  insert:  
18         Section 9.  Section 641.183, Florida Statutes, is
19  created to read:
20         641.183  Statutory accounting procedures; transition
21  provisions.--All health maintenance organizations, authorized
22  to do business under this chapter on January 1, 2001, shall
23  elect a transition method for compliance with statutory
24  accounting principles as follows:
25         (1)  Report assets acquired prior to June 30, 2001 in
26  accordance with s. 641.35, Florida Statutes (2000), through
27  December 31, 2005. Assets acquired on or after June 30, 2001
28  shall be accounted for in accordance with the National
29  Association of Insurance Commissioners Accounting Practices
30  and Procedures Manual effective January 1, 2001. A health
31  maintenance organization electing to report assets pursuant to
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    10:06 AM   04/30/01                              s0482.bi27.az


                                                  SENATE AMENDMENT
    Bill No. SB 482
    Amendment No. ___   Barcode 064434
 1  this subsection shall maintain complete and detailed records
 2  reflecting such accounting treatment; or
 3         (2)  Report all assets in accordance with the NAIC
 4  Accounting Practices and Procedures Manual effective January
 5  1, 2001.
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 7  (Redesignate subsequent sections.)
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10  ================ T I T L E   A M E N D M E N T ===============
11  And the title is amended as follows:
12         On page 14, line 17, after the semicolon
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14  insert:
15         creating s. 641.183, F.S.; providing a
16         transition selection for statutory accounting
17         principles;
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    10:06 AM   04/30/01                              s0482.bi27.az