Florida Senate - 2017                        COMMITTEE AMENDMENT
       Bill No. SB 1766
       
       
       
       
       
       
                                Ì482232yÎ482232                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                   Comm: WD            .                                
                  04/13/2017           .                                
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       The Committee on Banking and Insurance (Lee) recommended the
       following:
       
    1         Senate Amendment 
    2  
    3         Between lines 588 and 589
    4  insert:
    5         (i) Upon receiving notice of an accident that is
    6  potentially covered by medical payments benefits, the insurer
    7  must reserve $2,500 of medical payments benefits for payment to
    8  physicians licensed under chapter 458 or chapter 459 or dentists
    9  licensed under chapter 466 who provide emergency services and
   10  care, as defined in s. 395.002, or who provide hospital
   11  inpatient care. The amount required to be held in reserve may be
   12  used only to pay claims from such physicians or dentists until
   13  30 days after the date the insurer receives notice of the
   14  accident. After the 30-day period, any amount of the reserve for
   15  which the insurer has not received notice of such claims may be
   16  used by the insurer to pay other claims. The time periods
   17  specified in paragraph (b) for payment of medical payments
   18  benefits are tolled for the period of time an insurer must hold
   19  payment of a claim that is not from such physician or dentist to
   20  the extent that the medical payments benefits not held in
   21  reserve are insufficient to pay the claim. This paragraph does
   22  not require an insurer to establish a claim reserve for
   23  insurance accounting purposes.