The bill amends section 627.748 of the Florida Statutes to revise the automobile insurance requirements for transportation network companies (TNCs) and their drivers. It specifies that while a participating TNC driver is logged onto the digital network but not engaged in a prearranged ride, or while engaged in a prearranged ride but without a rider in the vehicle, the driver must maintain a primary automobile liability coverage of at least $50,000 for death and bodily injury per person, $100,000 per incident, and $25,000 for property damage. Additionally, personal injury protection benefits and uninsured/underinsured vehicle coverage are required. The coverage can be satisfied through insurance maintained by the TNC driver, the TNC vehicle owner, or a combination of both.

Furthermore, when a TNC driver is engaged in a prearranged ride with a rider occupying the vehicle, the required primary automobile liability coverage increases to at least $1 million for death, bodily injury, and property damage. The personal injury protection benefits must meet the minimum coverage amounts required for limousines, and the same options for satisfying the coverage requirements apply. The act is set to take effect on July 1, 2025.