1 | A bill to be entitled |
2 | An act relating to motor vehicle insurance; amending s. |
3 | 324.021, F.S.; increasing required amounts for proof of |
4 | financial responsibility; specifying required proof of |
5 | financial responsibility amounts for owners of for-hire |
6 | passenger transportation vehicles; providing an effective |
7 | date. |
8 |
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9 | Be It Enacted by the Legislature of the State of Florida: |
10 |
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11 | Section 1. Subsection (7) of section 324.021, Florida |
12 | Statutes, is amended to read: |
13 | 324.021 Definitions; minimum insurance required.--The |
14 | following words and phrases when used in this chapter shall, for |
15 | the purpose of this chapter, have the meanings respectively |
16 | ascribed to them in this section, except in those instances |
17 | where the context clearly indicates a different meaning: |
18 | (7) PROOF OF FINANCIAL RESPONSIBILITY.--That Proof of the |
19 | ability to respond in damages for liability on account of |
20 | crashes arising out of the use of a motor vehicle: |
21 | (a) In the amount of $10,000 because of bodily injury to, |
22 | or death of, one person in any one crash; provided on October 1, |
23 | 2008, such amount shall increase to $15,000, on October 1, 2010, |
24 | such amount shall increase to $20,000, and on October 1, 2012, |
25 | such amount shall increase to $25,000. |
26 | (b) Subject to such limits for one person, in the amount |
27 | of $20,000 because of bodily injury to, or death of, two or more |
28 | persons in any one crash; provided on October 1, 2008, such |
29 | amount shall increase to $30,000, on October 1, 2010, such |
30 | amount shall increase to $40,000, and on October 1, 2012, such |
31 | amount shall increase to $50,000. |
32 | (c) In the amount of $10,000 because of injury to, or |
33 | destruction of, property of others in any one crash; provided on |
34 | October 1, 2008, such amount shall increase to $15,000, on |
35 | October 1, 2010, such amount shall increase to $20,000, and on |
36 | October 1, 2012, such amount shall increase to $25,000. and |
37 | (d) With respect to commercial motor vehicles and |
38 | nonpublic sector buses, in the amounts specified in ss. 627.7415 |
39 | and 627.742, respectively. |
40 | (e) With respect to owners of taxicabs or any other for- |
41 | hire passenger transportation vehicles, in the amounts specified |
42 | in s. 324.032(1)(a). |
43 | (f) With respect to persons described in s. 324.032(2), in |
44 | the amounts specified in s. 324.032(2). |
45 | Section 2. This act shall take effect July 1, 2008. |