HB 461 - Motor Vehicle Insurance Summary

• Repeals No-Fault Law: Eliminates the Florida Motor Vehicle No-Fault Law (Personal Injury Protection) effective January 1, 2018, replacing it with a liability-based system.

• Increases Financial Responsibility Requirements: Raises minimum liability coverage requirements to $25,000 per person/$50,000 per incident for bodily injury and $10,000 for property damage (effective 1/1/2018).

• Creates Bodily Injury Liability Coverage Mandate: Requires motor vehicle insurance policies to include bodily injury liability coverage instead of personal injury protection; allows optional medical payments coverage.

• Limits Noneconomic Damages: Restricts recovery for pain and suffering, mental anguish, and other noneconomic damages in tort actions, with limited exceptions based on injury severity.

• Strengthens Insurance Fraud Penalties: Enhances criminal penalties for insurance fraud related to motor vehicle accidents and requires health care practitioners convicted of related fraud to lose their license for 5 years.