Florida Senate - 2009                        COMMITTEE AMENDMENT
       Bill No. CS for CS for SB 1138
       
       
       
       
       
       
                                Barcode 898968                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  04/21/2009           .                                
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       The Policy and Steering Committee on Ways and Means (Gaetz)
       recommended the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Between lines 69 and 70
    4  insert:
    5         Section 3. Subsections (1) and (2) of section 626.89,
    6  Florida Statutes, are amended to read:
    7         626.89 Annual financial statement and filing fee; notice of
    8  change of ownership.—
    9         (1) Each authorized administrator shall file with the
   10  office a full and true statement of its financial condition,
   11  transactions, and affairs. The statement shall be filed annually
   12  on or before March 1 or within such extension of time therefor
   13  as the office for good cause may have granted and shall be for
   14  the preceding calendar year. The statement shall be in such form
   15  and contain such matters as the commission prescribes and shall
   16  be verified by at least two officers of such administrator. An
   17  administrator whose sole stockholder is an association
   18  representing health care providers which is not an affiliate of
   19  an insurer, an administrator of a pooled governmental self-
   20  insurance program, or an administrator that is a university may
   21  submit the preceding fiscal year’s statement within 2 months
   22  after the end of its fiscal year.
   23         (2) Each authorized administrator shall also file an
   24  audited financial statement performed by an independent
   25  certified public accountant. The audited financial statement
   26  shall be filed with the office on or before June 1 for the
   27  preceding calendar year ending December 31. An administrator
   28  with an established fiscal year of July 1 through June 30 whose
   29  sole stockholder is an association representing health care
   30  providers which is not an affiliate of an insurer, an
   31  administrator of a pooled governmental self-insurance program,
   32  or an administrator that is a university may submit the
   33  preceding fiscal year’s audited financial statement within 5
   34  months after the end of its fiscal year on or before December
   35  31. An audited financial statement prepared on a consolidated
   36  basis must include a columnar consolidating or combining
   37  worksheet that must be filed with the statement and must comply
   38  with the following:
   39         (a) Amounts shown on the consolidated audited financial
   40  statement must be shown on the worksheet;
   41         (b) Amounts for each entity must be stated separately; and
   42         (c) Explanations of consolidating and eliminating entries
   43  must be included.
   44  
   45  ================= T I T L E  A M E N D M E N T ================
   46         And the title is amended as follows:
   47         Delete line 14
   48  and insert:
   49         such a fund; amending s. 626.89, F.S.; requiring
   50         certain administrators to submit certain statements
   51         within a specified period after the end of the
   52         administrator’s fiscal year; amending s. 631.904,
   53         F.S.; exempting