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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
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An act relating to risk retention groups; amending s. 2
324.021, F.S.; providing that motor vehicle insurance 3
coverage issued by risk retention groups operating 4
under federal law satisfies financial responsibility 5
requirements under state motor vehicle law; providing 6
an effective date. 7
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Be It Enacted by the Legislature of the State of Florida: 9
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Section 1. Subsection (8) of section 324.021, Florida 11
Statutes, is amended to read: 12
324.021 Definitions; minimum insurance required. —The 13
following words and phrases when used in this chapter shall, for 14
the purpose of this chapter, have the meanings respectively 15
ascribed to them in this section, except in those inst ances 16
where the context clearly indicates a different meaning: 17
(8) MOTOR VEHICLE LIABILITY POLICY. —Any owner's or 18
operator's policy of liability insurance furnished as proof of 19
financial responsibility pursuant to s. 324.031, insuring such 20
owner or operator against loss from liability for bodily injury, 21
death, and property damage arising out of the ownership, 22
maintenance, or use of a motor vehicle in not less than the 23
limits described in subsection (7) and conforming to the 24
requirements of s. 324.151, iss ued by any insurance company 25
ENROLLED
CS/HB 215 2024 Legislature
CODING: Words stricken are deletions; words underlined are additions.
hb0215-02-er
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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
authorized to do business in this state , including, but not 26
limited to, a risk retention group operating in accordance with 27
15 U.S.C. ss. 3901 et seq., which conducts business in this 28
state pursuant to s. 627.944 . The owner, registrant, or operator 29
of a motor vehicle is exempt from providing such proof of 30
financial responsibility if he or she is a member of the United 31
States Armed Forces and is called to or on active duty outside 32
this state or the United States, or if the owner of the vehicle 33
is the dependent spouse of such active duty member and is also 34
residing with the active duty member at the place of posting of 35
such member, and the vehicle is primarily maintained at such 36
place of posting. The exemption provided by this subs ection 37
applies only as long as the member of the armed forces is on 38
such active duty outside this state or the United States and the 39
owner complies with the security requirements of the state of 40
posting or any possession or territory of the United States. 41
Section 2. This act shall take effect July 1, 2024. 42