Florida Senate - 2018                        COMMITTEE AMENDMENT
       Bill No. CS for SB 1494
       
       
       
       
       
       
                                Ì784728NÎ784728                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  02/20/2018           .                                
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       The Committee on Banking and Insurance (Montford) recommended
       the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 52 - 82
    4  and insert:
    5         (2) Beginning January 1, 2019, a pharmacy benefit manager
    6  must register with the office to conduct business in this state.
    7  To initially register or renew a registration, a pharmacy
    8  benefit manager must submit:
    9         (a) A nonrefundable fee;
   10         (b) A copy of the registrant’s corporate charter, articles
   11  of incorporation, or other charter document; and
   12         (c) A completed registration on a form adopted by the
   13  commission which contains:
   14         1. The name and address of the registrant; and
   15         2. The name, address, and official position of each officer
   16  and director of the registrant.
   17         (3) The registrant shall report any change in information
   18  required by subsection (2) to the office in writing within 60
   19  days after the change occurs.
   20         (4) Upon receipt of a completed registration form, required
   21  documents, and the registration fee, the office shall issue a
   22  registration certificate. The certificate may be in paper or
   23  electronic form, and must indicate the expiration date of the
   24  registration. Registration certificates are nontransferable.
   25         (5) A registration certificate is valid for 2 years from
   26  its date of issue. The commission shall adopt by rule an initial
   27  registration fee not to exceed $500 and a registration renewal
   28  fee not to exceed $500, both of which are nonrefundable.
   29         (6) The commission shall adopt rules necessary to implement
   30  
   31  ================= T I T L E  A M E N D M E N T ================
   32  And the title is amended as follows:
   33         Delete lines 12 - 17
   34  and insert:
   35         the Office of Insurance Regulation beginning on a
   36         specified date; providing requirements and terms of
   37         registration, including the payment of a nonrefundable
   38         fee; requiring the office to issue certificates of
   39         registration; specifying that certificates are
   40         nontransferable; requiring the Financial Services
   41         Commission to set an initial registration fee and a
   42         renewal fee which are nonrefundable and may not exceed
   43         a specified amount; requiring the commission to