FL S1806

Establishes that lessors of motor vehicles leased for 1 year or longer are not deemed owners for financial responsibility purposes if the lessee obtains insurance with minimum limits of $100,000/$300,000 bodily injury liability and $50,000 property damage liability, or $500,000 combined coverage.

Requires lessors of motor vehicles rented or leased for less than 1 year to ensure lessees obtain minimum $500,000 combined property damage and bodily injury liability insurance, with the lessor bearing liability up to $100,000/$300,000 bodily injury and $50,000 property damage if the lessee is uninsured or underinsured.

Adds a new proof of financial responsibility requirement specifically for rented or leased motor vehicles referencing the insurance limits specified in the owner/lessor definitions.

Exempts commercial motor vehicle owners engaged in commercial activity from the liability limits, except for rental companies and motor vehicle dealers providing temporary replacements.

Exempts from liability limits commercial motor vehicles transporting hazardous materials that carry required placards, unless the lessee has insurance with minimum $5,000,000 combined coverage or certifies in writing the vehicle will not transport hazardous materials.