SENATE AMENDMENT
    Bill No. SB 482
    Amendment No. ___   Barcode 460278
                            CHAMBER ACTION
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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 13, lines 22, through 24, delete those lines
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17  and insert:  
18         Section 12.  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 at December 31,
27  2000, through December 31, 2005. Assets acquired on or after
28  July 1, 2001, shall be accounted for in accordance with the
29  National Association of Insurance Commissioners Accounting
30  Practices and Procedures Manual effective January 1, 2001, and
31  subsequent amendments thereto. A health maintenance
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                                                  SENATE AMENDMENT
    Bill No. SB 482
    Amendment No. ___   Barcode 460278
 1  organization electing to report assets pursuant to this
 2  subsection shall maintain complete and detailed records
 3  reflecting such accounting treatment; or
 4         (2)  Report all assets in accordance with the NAIC
 5  Accounting Practices and Procedures Manual effective January
 6  1, 2001, and subsequent amendments thereto.
 7         Section 13.  This act shall take effect upon becoming a
 8  law and shall apply retroactively to January 1, 2001.
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12  And the title is amended as follows:
13         On page 14, lines 26 and 27, delete those lines
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15  and insert:
16         creating s. 641.183, F.S.; providing a
17         transition selection for statutory accounting
18         principles; providing for retroactivity;
19         providing an effective date.
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