| 1 | Representative Rivera offered the following: |
| 2 |
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| 3 | Amendment (with title amendment) |
| 4 | On page 38, between line(s) 5 and 6, |
| 5 |
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| 6 | insert: |
| 7 | Section 22. Subsection (9) is added to section 651.026, |
| 8 | Florida Statutes, to read: |
| 9 | 651.026 Annual reports.-- |
| 10 | (9) The commission may by rule allow all or part of the |
| 11 | report or filings required under this section to be submitted by |
| 12 | electronic means in a computer-readable form compatible with the |
| 13 | electronic data format specified by this commission. |
| 14 | Section 23. Section 651.0261, Florida Statutes, is amended |
| 15 | to read: |
| 16 | 651.0261 Quarterly statements.--If the office finds, |
| 17 | pursuant to rules of the commission, that such information is |
| 18 | needed to properly monitor the financial condition of a provider |
| 19 | or facility or is otherwise needed to protect the public |
| 20 | interest, the office may require the provider to file, within 45 |
| 21 | days after the end of each fiscal quarter, a quarterly unaudited |
| 22 | financial statement of the provider or of the facility in the |
| 23 | form prescribed by the commission by rule. The commission may by |
| 24 | rule allow all or part of the reports or filings required under |
| 25 | this section to be submitted by electronic means in a computer- |
| 26 | readable form compatible with the electronic data format |
| 27 | specified by the commission. |
| 28 | Section 24. Paragraph (a) of subsection (1) of section |
| 29 | 651.033, Florida Statutes, is amended to read: |
| 30 | 651.033 Escrow accounts.-- |
| 31 | (1) When funds are required to be deposited in an escrow |
| 32 | account pursuant to s. 651.022, s. 651.023, s. 651.035, or s. |
| 33 | 651.055: |
| 34 | (a) The escrow account shall be established in a federal |
| 35 | or state chartered Florida bank, Florida savings and loan |
| 36 | association, or Florida trust company having a physical presence |
| 37 | and doing business in this state and otherwise acceptable to the |
| 38 | office or on deposit with the department; and the funds |
| 39 | deposited therein shall be kept and maintained in an account |
| 40 | separate and apart from the provider's business accounts. |
| 41 |
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| 42 | ================= T I T L E A M E N D M E N T ================= |
| 43 | On page 3, line(s) 13, |
| 44 | remove: all of said line |
| 45 |
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| 46 | and insert: |
| 47 | construction of the act; amending ss. 651.026 and 651.0261, |
| 48 | F.S.; giving the Office of Insurance Regulation authority to |
| 49 | require continuing care retirement communities to submit reports |
| 50 | and filings electronically; amending s. 651.033, F.S.; updating |
| 51 | language to reflect current trend toward federal and state |
| 52 | chartered banks, savings and loan associations, and trust |
| 53 | companies; providing effective |