FL S0522

Repeals Florida's Motor Vehicle No-Fault Law (personal injury protection/PIP insurance system) effective January 1, 2027, eliminating the requirement for $10,000 PIP coverage

Establishes new mandatory bodily injury liability coverage requirements: $25,000 per person/$50,000 per accident for bodily injury or death, plus $10,000 for property damage (or $60,000 combined single limit)

Increases financial responsibility requirements for various vehicle categories: $60,000 for commercial vehicles 26,000-35,000 lbs, $120,000 for vehicles 35,000-44,000 lbs, $300,000 for vehicles 44,000+ lbs, and $125,000/$250,000/$50,000 for for-hire passenger transportation vehicles

Requires insurers to notify policyholders by October 1, 2026 about the law changes and allows policyholders with existing PIP coverage to modify their policies to meet new requirements without additional fees

Increases garage liability insurance requirements for motor vehicle dealers from $25,000 to $60,000 combined single-limit coverage beginning January 1, 2027