HB 4053

A bill to be entitled
2An act relating to corporation not for profit self-
3insurance funds; amending s. 624.4625, F.S.; deleting
4a requirement that a participating member of a
5corporation not for profit self-insurance fund receive
6at least a specified percentage of its revenues from
7certain governmental sources; providing an effective
10Be It Enacted by the Legislature of the State of Florida:
12     Section 1.  Paragraphs (c) through (j) of subsection (1) of
13section 624.4625, Florida Statutes, are redesignated as
14paragraphs (b) through (i), respectively, and present paragraph
15(b) of that subsection is amended to read:
16     624.4625  Corporation not for profit self-insurance funds.-
17     (1)  Notwithstanding any other provision of law, any two or
18more corporations not for profit located in and organized under
19the laws of this state may form a self-insurance fund for the
20purpose of pooling and spreading liabilities of its group
21members in any one or combination of property or casualty risk,
22provided the corporation not for profit self-insurance fund that
23is created:
24     (b)  Requires for qualification that each participating
25member receive at least 75 percent of its revenues from local,
26state, or federal governmental sources or a combination of such
28     Section 2.  This act shall take effect July 1, 2012.

CODING: Words stricken are deletions; words underlined are additions.