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Florida Statutes (Last Updated: April 21, 2021) |
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TITLE XXIII. MOTOR VEHICLES |
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CHAPTER 324. FINANCIAL RESPONSIBILITY |
Latest version.
- 1The owner or operator of a taxicab, limousine, jitney, or any other for-hire passenger transportation vehicle may prove financial responsibility by providing satisfactory evidence of holding a motor vehicle liability policy as defined in s. 36324.021(8) 37or s. 39324.151, 40which policy is issued by an insurance carrier which is a member of the Florida Insurance Guaranty Association. The operator or owner of any other vehicle may prove his or her financial responsibility by:74(1) 75Furnishing satisfactory evidence of holding a motor vehicle liability policy as defined in ss. 89324.021(8) 90and 91324.151;92(2) 93Furnishing a certificate of self-insurance showing a deposit of cash in accordance with s. 107324.161; 108or109(3) 110Furnishing a certificate of self-insurance issued by the department in accordance with s. 123324.171124.
125Any person, including any firm, partnership, association, corporation, or other person, other than a natural person, electing to use the method of proof specified in subsection (2) shall furnish a certificate of deposit equal to the number of vehicles owned times $30,000, to a maximum of $120,000; in addition, any such person, other than a natural person, shall maintain insurance providing coverage in excess of limits of $10,000/20,000/10,000 or $30,000 combined single limits, and such excess insurance shall provide minimum limits of $125,000/250,000/50,000 or $300,000 combined single limits. These increased limits shall not affect the requirements for proving financial responsibility under s. 237324.032(1)238.
History.-s. 1, ch. 29963, 1955; ss. 13, 35, ch. 69-106; s. 3, ch. 85-320; s. 12, ch. 87-225; s. 1, ch. 92-29; s. 89, ch. 94-306; s. 945, ch. 95-148; s. 3, ch. 2002-282; s. 67, ch. 2013-160.
Note
Note.-Former s. 324.02.
