{"data":{"id":"us-fl/fla.-stat.-636.236","jurisdiction":"us-fl","citation":"Fla. Stat. § 636.236","heading":"Surety bond or security deposit.","body":"(1) Each discount plan organization licensed pursuant to this part shall maintain in force a surety bond in its own name in an amount not less than $35,000 to be used at the discretion of the office to protect the financial interests of members who may be adversely affected by the insolvency of a discount plan organization. The bond must be issued by an insurance company that is licensed to do business in this state.\n(2) In lieu of the bond specified in subsection (1), a licensed discount plan organization may deposit and maintain deposited in trust with the department securities eligible for deposit under s. 625.52 having at all times a value of not less than $35,000. If a licensed discount plan organization substitutes its deposited securities under this subsection with a surety bond authorized in subsection (1), such deposited securities must be returned to the discount plan organization no later than 45 days following the effective date of the surety bond.\n(3) A judgment creditor or other claimant of a discount plan organization, other than the office or department, does not have the right to levy upon any of the assets or securities held in this state as a deposit under subsections (1) and (2).\nHistory.—s. 31, ch. 2004-297; s. 15, ch. 2005-232; s. 27, ch. 2017-112.","path":["CHAPTER 636 PREPAID LIMITED HEALTH SERVICE ORGANIZATIONSAND DISCOUNT PLAN ORGANIZATIONS"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0600-0699/0636/0636.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:11:07Z","sha256":"a82a329a012d31e154009a2206042c246fe6c4caefd650af13b45a00bbbf2837","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-636.234","next":"us-fl/fla.-stat.-636.238"},"notice":"GroundRules: Original legal text. Not legal advice."}