69O-191.090. Cash Management Systems

Effective on Thursday, May 28, 1992

1An 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 40641.35(9) 41through (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.

73Specific Authority 75641.36 FS. 77Law Implemented 79641.35(1)(a), 80641.35(9)-81(17) FS. History–New 5-28-92, Formerly 4-191.090.

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