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