| 10 | 10 | | F L O R I D A H O U S E O F R E P R E S E N T A T I V E S |
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| 11 | 11 | | |
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| 12 | 12 | | |
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| 13 | 13 | | |
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| 14 | 14 | | A bill to be entitled 1 |
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| 15 | 15 | | An act relating to motor vehicle liability policies; 2 |
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| 16 | 16 | | amending s. 324.021, F.S.; revising the definition of 3 |
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| 17 | 17 | | the term "motor vehicle liability policy" and defining 4 |
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| 18 | 18 | | the term "risk retention group" for purposes of ch. 5 |
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| 19 | 19 | | 324, F.S., relating to motor vehicle financial 6 |
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| 20 | 20 | | responsibility; providing an effective date. 7 |
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| 21 | 21 | | 8 |
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| 22 | 22 | | Be It Enacted by the Legislature of the State of Florida: 9 |
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| 23 | 23 | | 10 |
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| 24 | 24 | | Section 1. Subsection (8) of section 324.02 1, Florida 11 |
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| 25 | 25 | | Statutes, is amended, and subsection (12) is added to that 12 |
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| 26 | 26 | | section, to read: 13 |
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| 27 | 27 | | 324.021 Definitions; minimum insurance required. —The 14 |
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| 28 | 28 | | following words and phrases when used in this chapter shall, for 15 |
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| 29 | 29 | | the purpose of this chapter, have the meanings r espectively 16 |
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| 30 | 30 | | ascribed to them in this section, except in those instances 17 |
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| 31 | 31 | | where the context clearly indicates a different meaning: 18 |
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| 32 | 32 | | (8) MOTOR VEHICLE LIABILITY POLICY. —Any owner's or 19 |
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| 33 | 33 | | operator's policy of liability insurance furnished as proof of 20 |
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| 34 | 34 | | financial responsibility pursuant to s. 324.031, insuring such 21 |
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| 35 | 35 | | owner or operator against loss from liability for bodily injury, 22 |
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| 36 | 36 | | death, and property damage arising out of the ownership, 23 |
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| 37 | 37 | | maintenance, or use of a motor vehicle in not less than the 24 |
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| 38 | 38 | | limits described in su bsection (7) and conforming to the 25 |
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| 39 | 39 | | |
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| 47 | 47 | | F L O R I D A H O U S E O F R E P R E S E N T A T I V E S |
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| 48 | 48 | | |
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| 49 | 49 | | |
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| 50 | 50 | | |
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| 51 | 51 | | requirements of s. 324.151, issued by any insurance company 26 |
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| 52 | 52 | | authorized to do business in this state or by a risk retention 27 |
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| 53 | 53 | | group described in subsection (12). In addition, any eligible 28 |
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| 54 | 54 | | surplus lines insurer as defined in s. 626.914(2) which is rated 29 |
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| 55 | 55 | | "A" or higher by A.M. Best Company may provide coverage to meet 30 |
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| 56 | 56 | | the financial responsibility requirements for a commercial motor 31 |
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| 57 | 57 | | vehicle. The owner, registrant, or operator of a motor vehicle 32 |
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| 58 | 58 | | is exempt from providing such proof of financial responsibility 33 |
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| 59 | 59 | | if he or she is a member of the United States Armed Forces and 34 |
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| 60 | 60 | | is called to or on active duty outside this state or the United 35 |
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| 61 | 61 | | States, or if the owner of the vehicle is the dependent spouse 36 |
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| 62 | 62 | | of such active duty member and is als o residing with the active 37 |
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| 63 | 63 | | duty member at the place of posting of such member, and the 38 |
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| 64 | 64 | | vehicle is primarily maintained at such place of posting. The 39 |
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| 65 | 65 | | exemption provided by this subsection applies only as long as 40 |
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| 66 | 66 | | the member of the armed forces is on such act ive duty outside 41 |
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| 67 | 67 | | this state or the United States and the owner complies with the 42 |
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| 68 | 68 | | security requirements of the state of posting or any possession 43 |
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| 69 | 69 | | or territory of the United States. 44 |
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| 70 | 70 | | (12) RISK RETENTION GROUP. —A risk retention group 45 |
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| 71 | 71 | | operating in accordance with s. 627.943 or s. 627.944 which is 46 |
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| 72 | 72 | | rated "A" or higher for financial strength and "VIII" or higher 47 |
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| 73 | 73 | | for financial size category by A.M. Best Company and which only 48 |
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| 74 | | - | provides commercial coverage for vehicles used for public and 49 |
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| 75 | | - | private construction and in frastructure projects. 50 |
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| 76 | | - | |
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| 77 | | - | CS/HB 57, Engrossed 1 2023 |
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| 78 | | - | |
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| 79 | | - | |
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| 80 | | - | |
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| 81 | | - | CODING: Words stricken are deletions; words underlined are additions. |
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| 82 | | - | hb0057-02-e1 |
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| 83 | | - | Page 3 of 3 |
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| 84 | | - | F L O R I D A H O U S E O F R E P R E S E N T A T I V E S |
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| 85 | | - | |
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| 86 | | - | |
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| 87 | | - | |
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| 88 | | - | Section 2. This act shall take effect July 1, 2023. 51 |
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| 74 | + | provides commercial coverage for its members and shareholders. 49 |
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| 75 | + | Section 2. This act sh all take effect July 1, 2023. 50 |
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