636.047 Officers’ and employees’ fidelity bond.—
(1) A prepaid limited health service organization must maintain in force a fidelity bond in its own name on its officers and employees, in an amount not less than $50,000 or in any other amount prescribed by the commission. Except as otherwise provided by this subsection, the bond must be issued by an insurance company that is licensed to do business in this state.
(2) In lieu of the bond specified in subsection (1), a prepaid limited health service organization may deposit with the department cash or securities or other investments of the types set forth in s. 636.042. Such a deposit must be maintained in joint custody with the department in the amount and subject to the same conditions required for a bond under this subsection.
History.—s. 38, ch. 93-148; s. 1541, ch. 2003-261.
Section: Previous 636.038 636.039 636.042 636.043 636.044 636.045 636.046 636.047 636.048 636.049 636.052 636.053 636.054 636.055 636.056 NextLast modified: September 23, 2016