Bill > S1888

This bill significantly reforms Florida's motor vehicle insurance laws by eliminating the requirement for Personal Injury Protection (PIP) coverage, which previously covered medical expenses and lost wages for drivers and their passengers regardless of fault, and replacing it with increased bodily injury and property damage liability coverage requirements. Drivers will now be able to present proof of insurance electronically, and insurers will be required to report coverage information to the Department of Highway Safety and Motor Vehicles, while also notifying insureds about the shift from PIP to bodily injury liability coverage. The bill also raises the minimum financial responsibility limits for bodily injury to $25,000 per person and $50,000 per accident, and for property damage to $10,000 per accident, with higher limits also being mandated for certain situations and for those with prior DUI convictions. Additionally, it repeals numerous sections of Florida Statutes related to PIP and related insurance regulations, and establishes new provisions for the termination of PIP policies and the maintenance of minimum security requirements by January 1, 2014, with specific notice requirements for insurers to inform policyholders of these changes.