Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69O - OIR - Insurance Regulation
Chapter 69O-191 - HEALTH MAINTENANCE ORGANIZATIONS
Section 69O-191.090 - Cash Management Systems
Universal Citation: FL Admin Code R 69O-191.090
Current through Reg. 50, No. 187; September 24, 2024
An HMO may participate in a cash management program with affiliated companies as long as the HMO maintains title to and control over all funds. The trustee or custodian which is to invest these funds, as allowed under Sections 641.35(9) through (17), F.S., shall maintain a separate custodial account for the HMO and the HMO's officers must have direct access to the funds at all times in the normal course of business.
Rulemaking Authority 641.36 FS. Law Implemented 641.35(1)(a), 641.35(9)-(17) FS.
New 5-28-92, Formerly 4-191.090.
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