59A-36.013 Fiscal Standards- Liability Insurance | FL
LIABILITY INSURANCE. Pursuant to section 429.275, F.S., facilities must maintain liability insurance coverage, as defined in section 624.605, F.S., that remains in force at all times. On the renewal date of the facility’s policy or whenever a facility changes policies, the facility must file documentation of continued coverage with the Agency Central Office. Such documentation […]
59A-36.013 Fiscal Standards – Surety Bonds | FL
SURETY BONDS. Pursuant to the requirements of section 429.27(2), F.S.: (a) For entities that own more than one facility in the state, one surety bond may be purchased to cover the needs of all residents served by the entities. (b) The following additional bonding requirements apply to facilities serving residents receiving OSS: If serving as […]
59A-36.013 Fiscal Standards- Resident Trust Funds | FL
Title Fiscal – Resident Trust Funds Statute or Rule 429.27(3-4) FS; 58A-5.021(2) FAC 429.27 (3) A facility, upon mutual consent with the resident, shall provide for the safekeeping in the facility of personal effects not in excess of $500 and funds of the resident not in excess of $500 cash, and shall keep complete and […]
59A-36.013 Fiscal Standards – Financial Stability | FL
1) FINANCIAL STABILITY. The facility must be administered on a sound financial basis in order to ensure adequate resources to meet resident needs pursuant to the requirements of Chapter 408, Part II, Part I, F.S., and Rule Chapter 59A-35, F.A.C., and this rule chapter.