Financial Responsibility Law
Florida · Financial Responsibility · §§ 324.011 to 324.252 · 30 sections
Overview
The act conditions the privilege of driving and registering a motor vehicle on the owner's or operator's demonstrated ability to pay for harm a crash may cause, setting minimum coverage for bodily injury, death, and property damage and defining how that responsibility may be proven — a liability policy meeting prescribed terms, a deposit of money or securities with the state motor vehicle agency, or qualification as a self-insurer, with stricter proof required of for-hire passenger vehicles and separate treatment of nonresident owners and drivers. Enforcement runs through reporting: crash reports, notices from insurers, electronic insurance verification, certain convictions, and unsatisfied judgments trigger suspension of the driver license and vehicle registrations, which stay suspended for a set period until proof of responsibility is filed and a reinstatement fee is paid, with judgments payable in installments and restrictions on selling a vehicle while suspended. It also regulates the insurance itself — required policy provisions, cancellation procedures, an apportionment plan for applicants who cannot obtain coverage in the ordinary market, and confidentiality of certain policy records — and imposes penalties for violations.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
In the courts
Sections of this act have been cited in 49 court decisions.
Most-cited authority: 540 F.3d 1242 - Garcia v. Vanguard Car Rental USA, Inc.
Sections covered
- Fla. Stat. § 324.011Purpose of chapter6 cites
- Fla. Stat. § 324.021Definitions; minimum insurance required20 cites
- Fla. Stat. § 324.022Financial responsibility for property damage3 cites
- Fla. Stat. § 324.0221Reports by insurers to the department; suspension of driver license and vehicle registrations; reinstatement
- Fla. Stat. § 324.023Financial responsibility for bodily injury or death
- Fla. Stat. § 324.031Manner of proving financial responsibility6 cites
- Fla. Stat. § 324.032Manner of proving financial responsibility; for-hire passenger transportation vehicles
- Fla. Stat. § 324.042Administration1 cite
- Fla. Stat. § 324.051Reports of crashes; suspensions of licenses and registrations3 cites
- Fla. Stat. § 324.061Security deposited with Department of Highway Safety and Motor Vehicles; release
- Fla. Stat. § 324.071Reinstatement; renewal of license; reinstatement fee
- Fla. Stat. § 324.072Proof required upon certain convictions
- Fla. Stat. § 324.081Nonresident owner or operator
- Fla. Stat. § 324.091Notice to department; notice to insurer1 cite
- Fla. Stat. § 324.101Compliance before license or registration allowed
- Fla. Stat. § 324.111Failure to satisfy judgment; copy to department
- Fla. Stat. § 324.121Suspension of license and registration1 cite
- Fla. Stat. § 324.131Period of suspension1 cite
- Fla. Stat. § 324.141Installment payments1 cite
- Fla. Stat. § 324.151Motor vehicle liability policies; required provisions3 cites
- Fla. Stat. § 324.161Proof of financial responsibility; deposit
- Fla. Stat. § 324.171Self-insurer1 cite
- Fla. Stat. § 324.181Cancellation of liability policies; plan for apportionment of certain applicants1 cite
- Fla. Stat. § 324.191Consent to cancellation; direction to return money or securities
- Fla. Stat. § 324.201Return of license or registration to department1 cite
- Fla. Stat. § 324.211Sale by owner during suspension; rights of conditional vendors, mortgagees, and lessors
- Fla. Stat. § 324.221Penalties
- Fla. Stat. § 324.242Personal injury protection and property damage liability insurance policies; public records exemption
- Fla. Stat. § 324.251Short title
- Fla. Stat. § 324.252Electronic insurance verification
Enacted in other states
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