HOUSE AMENDMENT
Bill No. CS for SB 1822, 1st Eng.
Amendment No. ___ (for drafter's use only)
CHAMBER ACTION
Senate House
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5 ORIGINAL STAMP BELOW
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11 Representative(s) Alexander offered the following:
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13 Amendment to Senate Amendment (145300) (with title
14 amendment)
15 On page 1, between lines 20 and 21 of the amendment
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17 insert:
18 Section 2. Section 324.031, Florida Statutes, is
19 amended to read:
20 324.031 Manner of proving financial
21 responsibility.--The owner or operator of a taxicab,
22 limousine, jitney, or any other for-hire passenger
23 transportation vehicle may prove financial responsibility by
24 providing satisfactory evidence of holding a motor vehicle
25 liability policy as defined in s. 324.021(8) or s. 324.151,
26 which policy is issued by an insurance carrier which is a
27 member of the Florida Insurance Guaranty Association. The
28 operator or owner of any other vehicle may prove his or her
29 financial responsibility by:
30 (1) Furnishing satisfactory evidence of holding a
31 motor vehicle liability policy as defined in ss. 324.021(8)
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File original & 9 copies 03/21/02
hec0002 09:10 pm 01822-0066-404803
HOUSE AMENDMENT
Bill No. CS for SB 1822, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 and 324.151;
2 (2) Posting with the department a satisfactory bond of
3 a surety company authorized to do business in this state,
4 conditioned for payment of the amount specified in s.
5 324.021(7);
6 (3) Furnishing a certificate of the department showing
7 a deposit of cash or securities in accordance with s. 324.161;
8 or
9 (4) Furnishing a certificate of self-insurance issued
10 by the department in accordance with s. 324.171.
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12 Any person, including any firm, partnership, association,
13 corporation, or other person, other than a natural person,
14 electing to use the method of proof specified in subsection
15 (2) or subsection (3) shall post a bond or deposit equal to
16 the number of vehicles owned times $30,000, to a maximum of
17 $120,000; in addition, any such person, other than a natural
18 person, shall maintain insurance providing coverage in excess
19 of limits of $10,000/20,000/10,000 or $30,000 combined single
20 limits, and such excess insurance shall provide minimum limits
21 of $125,000/250,000/50,000 $50,000/100,000/50,000 or $300,000
22 $150,000 combined single limits. These increased limits shall
23 not affect the requirements for proving financial
24 responsibility under s. 324.032(1).
25 Section 3. Subsection (1) of section 324.032, Florida
26 Statutes, is amended to read:
27 324.032 Manner of proving financial responsibility;
28 for-hire passenger transportation vehicles.--
29 (1) Notwithstanding the provisions of s. 324.031, a
30 person who is either the owner or a lessee required to
31 maintain insurance under s. 324.021(9)(b) and who operates at
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File original & 9 copies 03/21/02
hec0002 09:10 pm 01822-0066-404803
HOUSE AMENDMENT
Bill No. CS for SB 1822, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 least 300 taxicabs, limousines, jitneys, or any other for-hire
2 passenger transportation vehicles may prove financial
3 responsibility by satisfying the following:
4 (a) Furnishing satisfactory evidence of holding a
5 motor vehicle liability policy as defined in s. 324.031; or
6 (b) Complying with the provisions of s. 324.171, such
7 compliance to be demonstrated by maintaining at its principal
8 place of business an audited financial statement, prepared in
9 accordance with generally accepted accounting principles, and
10 providing to the department a certification issued by a
11 certified public accountant that the applicant's net worth is
12 at least equal to the requirements of s. 324.171 as determined
13 by the Department of Insurance, including claims liabilities
14 in an amount certified as adequate by a Fellow of the Casualty
15 Actuarial Society.
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17 Upon request by the department, the applicant must provide the
18 department at the applicant's principal place of business in
19 this state access to the applicant's underlying financial
20 information and financial statements that provide the basis of
21 the certified public accountant's certification. The
22 applicant shall reimburse the requesting department for all
23 reasonable costs incurred by it in reviewing the supporting
24 information. The maximum amount of self-insurance permissible
25 under this subsection is $100,000 and must be stated on a
26 per-occurrence basis, and the applicant shall maintain
27 adequate excess insurance issued by an authorized or eligible
28 insurer licensed or approved by the Department of Insurance.
29 All risks self-insured shall remain with the owner or lessee
30 providing it, and the risks are not transferable to any other
31 person, unless a policy complying with paragraph (a) is
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File original & 9 copies 03/21/02
hec0002 09:10 pm 01822-0066-404803
HOUSE AMENDMENT
Bill No. CS for SB 1822, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 obtained.
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4 ================ T I T L E A M E N D M E N T ===============
5 And the title is amended as follows:
6 On page 6, line 19 after the first semicolon of the
7 amendment
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11 amending ss. 324.031, 324.032, F.S., specifying
12 manner of proving financial responsibility;
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File original & 9 copies 03/21/02
hec0002 09:10 pm 01822-0066-404803