summary
Introduced
01/24/2017
01/24/2017
In Committee
02/06/2017
02/06/2017
Crossed Over
Passed
Dead
05/05/2017
05/05/2017
Introduced Session
2017 Regular Session
Bill Summary
Repeals Florida Motor Vehicle No-Fault Law & requirements for personal injury protection coverage; increases amount of security required for owners, operators, & dealers of motor vehicles; increases amount of deposit to obtain certificate of self-insurance & certificate of insurance; increases amount of net worth to obtain self-insurance; provides legislative intent; provides notice requirements to inform policyholders of changes in insurance coverage.
AI Summary
This bill repeals Florida's Motor Vehicle No-Fault Law and the requirements for personal injury protection (PIP) coverage. It increases the minimum amount of security required for owners, operators, and dealers of motor vehicles, and increases the amount of deposit to obtain a certificate of self-insurance or certificate of insurance. The bill also provides legislative intent and requires insurers to notify policyholders of changes in insurance coverage due to the repeal of the No-Fault Law.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Died in Insurance and Banking Subcommittee (on 05/05/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.flsenate.gov/Session/Bill/2017/461 |
| Bill | http://www.flsenate.gov/Session/Bill/2017/0461/BillText/Filed/PDF |
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