Florida Senate - 2026                       CS for CS for SB 834
       
       
        
       By the Committees on Rules; and Banking and Insurance; and
       Senator Yarborough
       
       
       
       
       595-02675-26                                           2026834c2
    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; requiring certain agents to provide a specified
    7         written disclaimer on certain applications and
    8         guideline materials; providing an effective date.
    9          
   10  Be It Enacted by the Legislature of the State of Florida:
   11  
   12         Section 1. Subsections (1) and (3) of section 624.1265,
   13  Florida Statutes, are amended to read:
   14         624.1265 Nonprofit religious organization exemption;
   15  authority; notice.—
   16         (1) A nonprofit religious organization is not subject to
   17  the requirements of the Florida Insurance Code if the nonprofit
   18  religious organization:
   19         (a) Qualifies under Title 26, s. 501 of the Internal
   20  Revenue Code of 1986, as amended;
   21         (b) Limits its participants to those members who share a
   22  common set of ethical or religious beliefs;
   23         (c) Acts as a facilitator among participants who have
   24  financial, physical, or medical needs to assist those with
   25  financial, physical, or medical needs in accordance with
   26  criteria established by the nonprofit religious organization;
   27         (d) Provides for the financial or medical needs of a
   28  participant through contributions from other participants, or
   29  through payments directly from one participant to another
   30  participant;
   31         (e) Provides amounts that participants may contribute, with
   32  no assumption of risk and no promise to pay:
   33         1. Among the participants; or
   34         2. By the nonprofit religious organization to the
   35  participants;
   36         (f) Provides a monthly accounting to the participants of
   37  the total dollar amount of qualified needs actually shared in
   38  the previous month in accordance with criteria established by
   39  the nonprofit religious organization; and
   40         (g) Conducts an annual audit that is performed by an
   41  independent certified public accounting firm in accordance with
   42  generally accepted accounting principles and that is made
   43  available to the public by providing a copy upon request or by
   44  posting on the nonprofit religious organization’s website; and
   45         (h) Does not market or sell health plans through agents
   46  licensed by the department under chapter 626.
   47         (3) The nonprofit religious organization, or any agent
   48  licensed by the department under chapter 626 which markets or
   49  facilitates a health care sharing arrangement on behalf of the
   50  nonprofit religious organization, shall provide a written
   51  disclaimer on or accompanying all applications and guideline
   52  materials distributed by or on behalf of the nonprofit religious
   53  organization. The disclaimer must read in substance: “Notice:
   54  The organization facilitating the sharing of medical expenses is
   55  not an insurance company, and neither its guidelines nor its
   56  plan of operation is an insurance policy. Membership is not
   57  offered through an insurance company, and the organization is
   58  not subject to the regulatory requirements or consumer
   59  protections of the Florida Insurance Code. Whether anyone
   60  chooses to assist you with your medical bills will be totally
   61  voluntary because no other participant is compelled by law to
   62  contribute toward your medical bills. As such, participation in
   63  the organization or a subscription to any of its documents
   64  should never be considered to be insurance. Regardless of
   65  whether you receive any payments for medical expenses or whether
   66  this organization continues to operate, you are always
   67  personally responsible for the payment of your own medical
   68  bills.”
   69         Section 2. This act shall take effect July 1, 2026.