Florida Senate - 2005 COMMITTEE AMENDMENT
Bill No. SB 2214
Barcode 894248
CHAMBER ACTION
Senate House
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11 The Committee on Banking and Insurance (Baker) recommended the
12 following amendment:
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14 Senate Amendment (with title amendment)
15 On page 5, between lines 6 and 7,
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17 insert:
18 Section 3. Section 636.205, Florida Statutes, is
19 created to read:
20 636.205 Issuance of license; denial.--
21 (1) Following receipt of an application filed pursuant
22 to s. 636.204, the office shall review, and notify the
23 applicant of any deficiencies in, the application. The office
24 shall issue a license to an applicant who has filed a complete
25 application in conformity with s. 636.204, upon payment of the
26 fees specified by s. 636.204, and upon the office being
27 satisfied that the following conditions are met:
28 (a) The requirements of s. 636.204 are fulfilled.
29 (b) The entity has the required minimum capital.
30 (c) The ownership, control, and management of the
31 entity are competent and trustworthy and possess managerial
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Florida Senate - 2005 COMMITTEE AMENDMENT
Bill No. SB 2214
Barcode 894248
1 experience that would make the proposed operation beneficial
2 to the subscribers. If the office has good reason to believe
3 that the ownership, control, or management of a discount
4 medical plan organization includes a person whose business
5 operations are or have been marked by business practices or
6 conduct that is to the detriment of the public, stockholders,
7 investors, or creditors, the office may not grant or continue
8 the authority of such organization to transact the business of
9 a discount medical plan organization in this state.
10 (d) The discount medical plan organization has a
11 complaint procedure that will facilitate the resolution of
12 subscriber grievances and that includes, within the
13 organization, formal and informal steps.
14 (e) Any deficiencies identified by the office have
15 been corrected.
16 (f) All requirements of this part are met.
17 (2) If the application for a license is denied, the
18 office shall notify the applicant and shall specify the
19 reasons for denial in the notice.
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21 (Redesignate subsequent sections.)
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24 ================ T I T L E A M E N D M E N T ===============
25 And the title is amended as follows:
26 On page 1, line 7, after the semicolon,
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28 insert:
29 creating s. 636.205, F.S.; providing for
30 processing of an application for licensure of a
31 discount medical plan organization by the
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Florida Senate - 2005 COMMITTEE AMENDMENT
Bill No. SB 2214
Barcode 894248
1 Office of Insurance Regulation of the Financial
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