FL S1184

Amends Florida statute 768.73 to clarify that courts are not subject to an implied presumption about appropriate punitive damages levels when determining reasonableness of awards.

Preserves existing punitive damages caps: three times compensatory damages or $500,000 (whichever is greater) for standard cases; four times compensatory damages or $2 million for cases involving unreasonable financial gain with known dangerous conduct; and no cap for cases with specific intent to harm.

Specifies that the absence of an implied presumption applies when courts exercise jurisdiction under section 768.74 to determine reasonableness of punitive damages awards below three times compensatory damages.

Takes effect July 1, 2013.