Exempts nonprofit religious organizations from Florida Insurance Code requirements if they meet specific criteria.

This bill revises the conditions under which a nonprofit religious organization is exempt from the Florida Insurance Code. To qualify, the organization must be recognized under the Internal Revenue Code, limit participation to members sharing common ethical or religious beliefs, facilitate sharing of financial or medical needs, provide monthly accountings, and conduct an annual audit available to the public. The changes would take effect July 1, 2026.

Exempts nonprofit religious organizations from Florida Insurance Code requirements if they meet specific criteria.

This bill revises the conditions under which a nonprofit religious organization is exempt from the Florida Insurance Code. To qualify, the organization must be recognized under the Internal Revenue Code, limit participation to members sharing common ethical or religious beliefs, facilitate sharing of financial or medical needs, provide monthly accountings, and conduct an annual audit available to the public. The changes would take effect July 1, 2026.