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Bill > H1063


FL H1063

FL H1063
Motor Vehicle Insurance


summary

Introduced
02/27/2017
In Committee
04/20/2017
Crossed Over
04/20/2017
Passed
Dead
05/05/2017

Introduced Session

2017 Regular Session

Bill Summary

Creates Financial Responsibility Law of 2017; revises security requirements & proof of such security for owners & operators of motor vehicles; provides conditions, requirements, & dispute procedures for medical payments coverage; repeals portion of Florida Motor Vehicle No-Fault Law.

AI Summary

This bill: Creates the "Financial Responsibility Law of 2017", which repeals the Florida Motor Vehicle No-Fault Law and revises requirements for owners and operators of motor vehicles to maintain minimum security requirements (bodily injury liability coverage of $25,000/$50,000 and property damage liability coverage of $10,000). The bill provides new requirements and dispute procedures for medical payments coverage, and requires insurers to provide policyholders with notice of the changes. The bill also makes various other changes to laws related to motor vehicle insurance.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (2)

Other Sponsors (2)

Commerce Committee (H), Insurance and Banking Subcommittee (H)

Last Action

Died in Appropriations Subcommittee on Health and Human Services (on 05/05/2017)

bill text


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