US Lawyer Database

651.105 – Examination.

651.105 Examination.— (1) The office may at any time, and shall at least once every 3 years, examine the business of any applicant for a certificate of authority and any provider engaged in the execution of care contracts or engaged in the performance of obligations under such contracts, in the same manner as is provided for the […]

651.034 – Financial and Operating Requirements for Providers.

651.034 Financial and operating requirements for providers.— (1)(a) If a regulatory action level event occurs, the office must: 1. Require the provider to prepare and submit a corrective action plan or, if applicable, a revised corrective action plan; 2. Perform an examination pursuant to s. 651.105 or an analysis, as the office considers necessary, of the assets, liabilities, and […]

651.035 – Minimum Liquid Reserve Requirements.

651.035 Minimum liquid reserve requirements.— (1) A provider shall maintain in escrow a minimum liquid reserve consisting of the following reserves, as applicable: (a) Each provider shall maintain in escrow as a debt service reserve the aggregate amount of all principal and interest payments due during the fiscal year on any mortgage loan or other long-term financing of […]

651.107 – Duration of Suspension; Obligations During Suspension Period; Reinstatement.

651.107 Duration of suspension; obligations during suspension period; reinstatement.— (1) Suspension of a certificate of authority shall be for such period, not to exceed 1 year, as is fixed by the office in the order of suspension, unless the office shortens or rescinds such suspension or the order of suspension is modified, rescinded, or reversed. (2) During the […]

651.043 – Approval of Change in Management.

651.043 Approval of change in management.— (1) A contract with a management company entered into after July 1, 2019, must be in writing and include a provision that the contract will be canceled upon issuance of an order by the office pursuant to this section and without the application of a cancellation fee or penalty. If a […]

651.108 – Administrative Fines.

651.108 Administrative fines.— (1) If the office finds that one or more grounds exist for the discretionary revocation or suspension of a certificate of authority issued under this chapter, the office, in lieu of such revocation or suspension, may impose a fine upon the provider in an amount not to exceed $1,000 per violation. (2) If it is […]

651.051 – Maintenance of Assets and Records in State.

651.051 Maintenance of assets and records in state.—All records and assets of a provider must be maintained or readily accessible in this state or, if the provider’s corporate office is located in another state, such records must be electronically stored in a manner that will ensure that the records are readily accessible to the office. No […]

651.1081 – Remedies Available in Cases of Unlawful Sale.

651.1081 Remedies available in cases of unlawful sale.— (1) Upon a determination by the office that a provider is or has been violating the provisions of this chapter, the office may order the provider to cease sales and make a rescission offer to the resident in accordance with the provisions of this section. (2) Upon such order by […]