Florida 2024 Regular Session Status: In Committee Bipartisan · 3 R · 1 D cosponsors

SB 464 — Motor Vehicle Insurance

Last action — Died in Banking and Insurance

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2024 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Motor Vehicle Insurance; Repealing provisions which comprise the Florida Motor Vehicle No-Fault Law; revising the motor vehicle insurance coverages that an applicant must show to register certain vehicles with the Department of Highway Safety and Motor Vehicles; revising minimum liability coverage requirements for motor vehicle owners or operators; revising authorized methods for meeting such requirements; revising financial responsibility requirements for owners or lessees of for-hire passenger transportation vehicles; revising the minimum net worth requirements to qualify certain persons as self-insurers, etc. APPROPRIATION: $83,651

Bill Text

How this bill changes current law

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AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill repeals the Florida Motor Vehicle No-Fault Law and makes various changes to motor vehicle insurance requirements and definitions.

  • Sections 627.730-627.7405

    the Florida Motor Vehicle No-Fault Law

    This change repeals the entire Florida Motor Vehicle No-Fault Law.

  • Section 627.7407

    s. 627.7407, F.S., relating to application of the Florida Motor Vehicle No-Fault Law

    This change removes the section regarding the application of the repealed No-Fault Law.

  • Section 316.646

    has applied; → that the motor vehicle is insured and that insurance may not be canceled without prior notice to the department;

    This change revises proof of security requirements for motor vehicles.

  • Section 320.02

    showing proof of insurance coverage → demonstrating financial responsibility as defined in this section for motor vehicles that are registered;

    This change updates the requirements for vehicle registration regarding insurance.

  • Section 324.022

    an insurer’s duty to defend certain claims;

    This change removes an existing provision regarding insurer defense responsibilities.

  • Section 324.0221

    which provide for a reduction in premium charges under certain circumstances → that provide reduced premium charges under certain conditions;

    This change clarifies the conditions under which premium reductions can be offered.

  • Section 324.032

    requirement under this chapter → responsibility for financial proof for owners or lessees of for-hire passenger transportation vehicles;

    This change revises financial responsibility requirements for specific vehicle owners.

  • Sections 627.0651-627.0653

    requirements and procedures for rate filings and premium discounts;

    These changes amend procedures related to rate filings for motor vehicle liability policies.

  • Section 627.72761

    Motor vehicle insurance policies must provide death benefits;

    This creates a requirement for death benefits in motor vehicle insurance policies.

  • Section 627.7265

    required minimum medical expense limits; → insurers must protect specified persons and must meet minimum coverage limits;

    This change mandates coverage for certain individuals as part of medical payments.

Action History

  1. Died in Banking and Insurance

  2. Introduced

  3. Referred to Banking and Insurance; Judiciary; Fiscal Policy

  4. Filed

Sponsors

Sponsorship breakdown

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1 sponsors · 3 co-sponsors · 160 not signed on

Sponsors (1)

Co-sponsors (3)

Not signed on (160)

160 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

transportation health-insurance
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Frequently asked questions

What does SB 464 do?
Motor Vehicle Insurance; Repealing provisions which comprise the Florida Motor Vehicle No-Fault Law; revising the motor vehicle insurance coverages that an applicant must show to register certain vehicles with the Department of Highway Safety and Motor Vehicles; revising minimum liability coverage requirements for motor vehicle owners or operators; revising authorized methods for meeting such requirements; revising financial responsibility requirements for owners or lessees of for-hire passenger transportation vehicles; revising the minimum net worth requirements to qualify certain persons as self-insurers, etc. APPROPRIATION: $83,651
Who sponsors SB 464?
SB 464 is sponsored by Grall, Erin (Republican), Rouson, Darryl Ervin (Democrat), Burgess, Danny (Republican), and Martin, Jonathan (Republican).
What is the current status of SB 464?
This bill died with 2024 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 464?
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Last checked for changes 2 months ago · updated continuously

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