FL S0976

Revises proof of financial responsibility for rented or leased motor vehicles to require specific insurance amounts: $100,000 per person/$300,000 per incident for bodily injury and $50,000 for property damage.

Lessor of a vehicle for 1 year or longer is not deemed the owner for liability purposes if the lessee obtains insurance meeting specified requirements ($100,000/$300,000 bodily injury and $50,000 property damage, or $500,000 combined).

Lessor renting or leasing vehicles for less than 1 year to nonresidents must require the lessee to carry insurance with limits of $100,000 per person/$300,000 per incident for bodily injury and $50,000 for property damage; lessor may provide and charge for this coverage separately.

If nonresident lessee is uninsured or underinsured, lessor is liable for up to $100,000 per person/$300,000 per incident for bodily injury, $50,000 for property damage, and an additional $500,000 in economic damages.

Provides that amendments clarify Florida law imposes financial responsibility on lessors and nonresident lessees consistent with federal law (49 U.S.C. s. 30106(b)); effective July 1, 2015.