Bill Summary

by Alvarez

Motor Vehicle Insurance: Repeals Florida Motor Vehicle No-Fault Law; revises motor vehicle insurance coverages; revises garage liability insurance requirements; provides that driver license or motor vehicle registration suspensions for failure to maintain required security remain in full force & effect; revises amount of certificate of deposit required to elect certain method of proof of financial responsibility; revises minimum net worth requirements to qualify certain persons as self-insurers; revises grounds for discipline for certain health professions; specifies coverage options that insurer is required & authorized to offer; prohibits insurer providing medical payments coverage benefits from seeking lien on certain recovery & bringing certain cause of action; authorizes insurers to include policy provisions allowing for subrogation, for medical payments benefits paid; prohibits insurers from including policy provisions allowing for subrogation for death benefits paid; revises legal liability of uninsured motorist coverage insurer; requires motor vehicle insurance policies to provide death benefits. APPROPRIATION: $83,651 Effective Date: July 1, 2024

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