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FL S0490
Bill
AI Summary
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Extends the period insurers can cancel motor vehicle liability policies from 30 days to 60 days during underwriting completion for applicants reinstating suspended or revoked driving privileges.
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Specifies minimum liability coverage limits must comply with sections 324.021(7) and 324.151 for drivers reinstating privileges after driving under the influence convictions.
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Prohibits reduction of bodily injury, property damage, and personal injury protection coverage below minimum limits required under sections 324.021 or 324.023 once the noncancelable policy period begins.
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Eliminates the requirement for insured individuals to obtain a new 6-month noncancelable policy when obtaining additional coverage or changing territories during the proof of insurance period.
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Takes effect July 1, 2014.
Legislative Description
Motor Vehicle Liability Policy Requirements
Last Action
Chapter No. 2014-76
6/13/2014