Florida Senate - 2026                              CS for SB 834
       
       
        
       By the Committee on Banking and Insurance; and Senator
       Yarborough
       
       
       
       
       597-01924-26                                           2026834c1
    1                        A bill to be entitled                      
    2         An act relating to nonprofit religious organizations;
    3         amending s. 624.1265, F.S.; revising the conditions
    4         under which a nonprofit religious organization is not
    5         subject to the requirements of the Florida Insurance
    6         Code; providing an effective date.
    7          
    8  Be It Enacted by the Legislature of the State of Florida:
    9  
   10         Section 1. Subsection (1) of section 624.1265, Florida
   11  Statutes, is amended to read:
   12         624.1265 Nonprofit religious organization exemption;
   13  authority; notice.—
   14         (1) A nonprofit religious organization is not subject to
   15  the requirements of the Florida Insurance Code if the nonprofit
   16  religious organization:
   17         (a) Qualifies under Title 26, s. 501 of the Internal
   18  Revenue Code of 1986, as amended;
   19         (b) Limits its participants to those members who share a
   20  common set of ethical or religious beliefs;
   21         (c) Acts as a facilitator among participants who have
   22  financial, physical, or medical needs to assist those with
   23  financial, physical, or medical needs in accordance with
   24  criteria established by the nonprofit religious organization;
   25         (d) Provides for the financial or medical needs of a
   26  participant through contributions from other participants, or
   27  through payments directly from one participant to another
   28  participant;
   29         (e) Provides amounts that participants may contribute, with
   30  no assumption of risk and no promise to pay:
   31         1. Among the participants; or
   32         2. By the nonprofit religious organization to the
   33  participants;
   34         (f) Provides a monthly accounting to the participants of
   35  the total dollar amount of qualified needs actually shared in
   36  the previous month in accordance with criteria established by
   37  the nonprofit religious organization; and
   38         (g) Conducts an annual audit that is performed by an
   39  independent certified public accounting firm in accordance with
   40  generally accepted accounting principles and that is made
   41  available to the public by providing a copy upon request or by
   42  posting on the nonprofit religious organization’s website; and
   43         (h) Does not market or sell health plans through agents
   44  licensed by the department under chapter 626.
   45         Section 2. This act shall take effect July 1, 2026.