FL H0653

Repeals Florida's No-Fault Motor Vehicle Law (ss. 627.730–627.7405, F.S.) effective July 1, 2025, eliminating mandatory personal injury protection (PIP) coverage and replacing it with mandatory bodily injury liability insurance, renamed the "Financial Responsibility Law of 2024."

Establishes new mandatory liability minimums of $25,000/$50,000 for bodily injury and $10,000 for property damage per crash (or $60,000 combined single limit) for all motor vehicles registered in Florida, effective July 1, 2025. For-hire passenger transportation vehicles must carry $125,000/$250,000/$50,000.

Creates mandatory death benefit coverage of $5,000 per deceased person arising from motor vehicle use, and requires insurers to offer medical payments coverage at minimum $5,000 (with $10,000 option), including a $5,000 reserve for emergency physicians and dentists held for 30 days after accident notice.

Increases commercial motor vehicle insurance minimums by gross vehicle weight: $60,000 for 26,000–34,999 lbs, $120,000 for 35,000–43,999 lbs, and $300,000 for 44,000+ lbs per occurrence.

Raises self-insurer and certificate of deposit thresholds significantly — certificate of deposit per vehicle increases from $30,000 to $60,000 (maximum $240,000), and minimum net worth for self-insurers increases from $40,000 to $100,000 for the first vehicle.

Expands uninsured motorist coverage to include damages for pain, suffering, mental anguish, disfigurement, disability, and loss of enjoyment of life, removing the prior injury threshold tied to the repealed No-Fault Law.

Grandfathers existing PIP policies issued before July 1, 2025, deeming them compliant until renewed, nonrenewed, or canceled; requires insurers to allow mid-term coverage changes to transition from PIP to the new requirements without additional fees, and mandates detailed policyholder notices by April 1, 2025.

Updates insurance requirements for TNCs, peer-to-peer car sharing, and autonomous vehicles by removing PIP mandates while retaining existing liability minimums ($1 million for prearranged rides and autonomous vehicles) and uninsured/underinsured motorist coverage requirements.

Revises fraud and enforcement provisions throughout Florida law, replacing PIP references with medical payments coverage — maintaining felony penalties for solicitation schemes, intentional crashes, and fraudulent claims, and adding court enforcement with attorney fee awards for insurer disclosure violations.

Appropriates $83,651 in nonrecurring funds from the Insurance Regulatory Trust Fund to the Office of Insurance Regulation for implementation, effective July 1, 2024, with all other provisions taking effect July 1, 2025.