The Florida Senate

¹240.3763  Expenditures for self-insurance services; special account.--

(1)  The district boards of trustees, singly or collectively, are authorized to contract with an administrator or service company approved by the Department of Insurance pursuant to chapter 626 to provide self-insurance services, including, but not limited to, the evaluation, settlement, and payment of self-insurance claims on behalf of the board or a consortium of boards.

(2)  Pursuant to such a contract, a board may advance money to the administrator or service company to be deposited in a special account for paying claims against the board under its self-insurance program. The special account shall be maintained in a designated depository as provided by s. 136.01. The board may replenish such account as often as necessary upon the presentation by the administrator or service company of documentation for claims paid in an amount equal to the amount of the requested reimbursement. Any contract for disbursement of funds from the special account shall ensure that the payments are subject to proper disbursement controls and accounting procedures.

History.--s. 37, ch. 84-336; s. 54, ch. 85-80; s. 3(7), ch. 2000-321.

¹Note.--Repealed January 7, 2003, by s. 3(7), ch. 2000-321, and shall be reviewed by the Legislature prior to that date.