This bill seeks to repeal the Florida Motor Vehicle No-Fault Law and amend various sections of the Florida Statutes concerning motor vehicle insurance and registration. Key changes include the elimination of personal injury protection (PIP) insurance, effective January 1, 2027, and the establishment of new minimum liability coverage requirements of $25,000 for bodily injury or death of one person, $50,000 for two or more persons, and $10,000 for property damage. The bill also introduces new definitions, such as "garage liability insurance," and clarifies that verification of proof of insurance does not imply compliance with state law. Additionally, it revises the requirements for motor vehicle registration and dealer licensing, ensuring that applicants provide evidence of the specified insurance coverage.

Further amendments focus on enhancing financial responsibility for motor vehicle operation, including new liability limits for accidents and the introduction of a certificate of deposit as an alternative means to meet financial responsibility requirements. The bill also addresses the responsibilities of insurers regarding policy cancellations and nonrenewals, mandates timely communication with policyholders, and outlines penalties for noncompliance with the new insurance requirements. Overall, the bill aims to modernize Florida's motor vehicle insurance laws, streamline regulations, and promote clarity and compliance among vehicle owners and operators.

Statutes affected:
S 522 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