The bill proposes comprehensive reforms to Florida's motor vehicle insurance laws, primarily by repealing the Florida Motor Vehicle No-Fault Law, which previously mandated personal injury protection (PIP) insurance. In its place, the bill amends various sections of the Florida Statutes to establish new insurance coverage requirements for motor vehicle registration, proof of financial responsibility, and liability coverage. Key changes include the introduction of new definitions such as "garage liability insurance" and "for-hire passenger transportation vehicle," along with updated minimum coverage requirements. The bill also eliminates the requirement for proof of personal injury protection when transferring a license plate from a disposed vehicle to a newly acquired one, and it clarifies that verification of financial responsibility does not imply a warranty of the reliability of the proof provided.

Additionally, the bill enhances the financial responsibility standards for motor vehicle operators, particularly for for-hire passenger transportation vehicles, by establishing new minimum liability coverage requirements. It introduces provisions for reinstating suspended licenses and registrations due to failure to maintain required security, ensuring that existing suspensions remain in effect while allowing for reinstatement under specified conditions. The bill also addresses insurance fraud by redefining terms and increasing penalties for fraudulent activities related to motor vehicle insurance claims. Overall, the legislation aims to modernize Florida's motor vehicle insurance framework, streamline processes, and enhance consumer protection while ensuring compliance with financial responsibility laws.

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