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FL S0434
Bill
AI Summary
- Increases the minimum combined bodily injury and property damage liability insurance for commercial motor vehicles with a gross weight of 44,000 pounds or more from $300,000 to $750,000 per occurrence
- Applies the same increase from $300,000 to $750,000 per occurrence for movers operating commercial motor vehicles at or above 44,000 pounds gross weight in Florida
- Exempts wreckers (as defined in s. 320.01(39)) eligible for a license plate under s. 320.0821 from the increased requirement, maintaining their minimum at $300,000 per occurrence
- Violations of the commercial motor vehicle insurance requirements remain a noncriminal traffic infraction, punishable as a nonmoving violation
- Effective date of January 1, 2024; sponsored by Senator Wright
Legislative Description
Commercial Vehicle Insurance
Last Action
Died in Banking and Insurance
5/5/2023
Full Bill Text
No bill text available