§ 631.738 — Applicability as to certain health maintenance organizations

Florida § 631.738

• Jurisdiction: Florida
• Title: XXXVII
• Ch. 631: INSURER INSOLVENCY; GUARANTY OF PAYMENT

Text

(1) The provisions of this part which relate to assessments for long-term care insurer impairments and insolvencies do not apply to any nonprofit health maintenance organization that operates only in this state and whose statutory capital and surplus is less than $200 million as of December 31 of the year preceding the year in which the assessment is made.

(2) This section, as created by this act, and the amendments made to ss. 631.713, 631.717, 631,718, 631.721, and 631.818-631.820 by this act apply only to long-term care insurer impairment and insolvency assessments that result from an insurer being adjudged insolvent by a court of competent jurisdiction or being determined by the office to be impaired on or after the effective date of this act.

Legislative History

ss. 6, 12, ch. 2019-83.