SENATE AMENDMENT
Bill No. CS for SB 1558
Amendment No. ___ Barcode 571034
CHAMBER ACTION
Senate House
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11 Senator Posey moved the following amendment:
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13 Senate Amendment (with title amendment)
14 On page 3, between lines 11 and 12,
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16 insert:
17 Section 2. Section 324.031, Florida Statutes, is
18 amended to read:
19 324.031 Manner of proving financial
20 responsibility.--The owner or operator of a taxicab,
21 limousine, jitney, or any other for-hire passenger
22 transportation vehicle may prove financial responsibility by
23 providing satisfactory evidence of holding a motor vehicle
24 liability policy as defined in s. 324.021(8) or s. 324.151,
25 which policy is issued by an insurance carrier which is a
26 member of the Florida Insurance Guaranty Association. The
27 operator or owner of any other vehicle may prove his or her
28 financial responsibility by:
29 (1) Furnishing satisfactory evidence of holding a
30 motor vehicle liability policy as defined in ss. 324.021(8)
31 and 324.151 with minimum limits of $125,000/250,000/50,000 or
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SENATE AMENDMENT
Bill No. CS for SB 1558
Amendment No. ___ Barcode 571034
1 $300,000 combined single limits;
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 or $300,000 combined single limits.
22 These increased limits shall not affect the requirements for
23 proving financial responsibility under s. 324.032(1).
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25 (Redesignate subsequent sections.)
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28 ================ T I T L E A M E N D M E N T ===============
29 And the title is amended as follows:
30 On page 1, line 6, after the semicolon,
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5:27 PM 04/25/03 s1558c1c-24j01
SENATE AMENDMENT
Bill No. CS for SB 1558
Amendment No. ___ Barcode 571034
1 insert:
2 amending s. 324.031, F.S.; providing
3 requirements with respect to vehicle liability
4 insurance for persons operating for-hire
5 passenger vehicles;
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