This bill proposes comprehensive reforms to Florida's motor vehicle insurance laws, primarily by repealing the Florida Motor Vehicle No-Fault Law, which includes sections that mandated personal injury protection insurance. The bill also repeals section 627.7407, which relates to the application of the No-Fault Law. In its place, the bill introduces new requirements for liability coverage, mandating that drivers maintain specific amounts for bodily injury and property damage. It establishes new definitions, such as "garage liability insurance" and "for-hire passenger transportation vehicle," while revising existing definitions and coverage requirements. Additionally, the bill outlines the necessary proof of insurance that must be presented while operating a vehicle and specifies penalties for noncompliance with the new insurance requirements.

Furthermore, the bill amends various sections of Florida Statutes to enhance financial responsibility for motor vehicle operators, including new minimum liability coverage requirements for different types of vehicles, effective July 1, 2026. It clarifies the responsibilities of rental companies and motor vehicle dealers regarding temporary replacement vehicles and mandates that insurers report cancellations or nonrenewals of liability coverage. The bill also addresses insurance fraud by introducing stricter regulations and penalties for fraudulent activities related to motor vehicle insurance. Overall, the legislation aims to streamline insurance requirements, enhance consumer protection, and improve safety on Florida roads while ensuring compliance with updated standards.

Statutes affected:
S 1256 Filed: 627.7407, 316.2122, 316.646, 318.18, 320.0609, 320.27, 320.771, 322.34, 324.011, 324.022, 324.023, 324.031, 324.032, 324.051, 324.071, 324.091, 324.151, 324.161, 324.251, 400.9905, 400.991, 400.9935, 409.901, 409.910, 456.057, 626.989, 627.06501, 627.0652, 627.4132, 627.4137, 627.7263, 627.7275, 627.728, 627.7415, 627.749, 627.8405, 627.915