| 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. |