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FL S1694

Bill

Status

Introduced

3/3/2011

Primary Sponsor

Garrett Richter

Click for details

Origin

Senate

2011 Regular Session

AI Summary

  • Limits attorney's fees in personal injury protection disputes to the lesser of $200 per billable hour or a multiple of the disputed amount recovered, with multipliers decreasing as disputed amounts increase.

  • Sets attorney's fee caps at $5,000 for disputes under $500 (15x multiplier), $10,000 for disputes of $500-$5,000 (10x multiplier), and $15,000 for disputes of $5,000-$10,000 (5x multiplier).

  • Caps attorney's fees in class actions at the lesser of $50,000 or three times the total disputed amount recovered in the class action proceeding.

  • Prohibits calculation of attorney's fees using contingency risk multipliers in personal injury protection disputes.

  • Effective July 1, 2011.

Legislative Description

Motor Vehicle Personal Injury Protection Insurance

Last Action

Indefinitely postponed and withdrawn from consideration

5/7/2011

Committee Referrals

Banking and Insurance3/10/2011

Full Bill Text

No bill text available