Bill Text: FL S1224 | 2022 | Regular Session | Introduced

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Bill Title: Commercial Vehicle Insurance

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2022-03-14 - Died in Banking and Insurance [S1224 Detail]

Download: Florida-2022-S1224-Introduced.html

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       Florida Senate - 2022                                    SB 1224
       
       
        
       By Senator Wright
       
       
       
       
       
       14-00794-22                                           20221224__
    1                        A bill to be entitled                      
    2         An act relating to commercial vehicle insurance;
    3         amending s. 507.04, F.S.; revising liability insurance
    4         requirements for movers’ commercial motor vehicles;
    5         amending s. 627.7415, F.S.; revising additional
    6         liability insurance requirements for commercial motor
    7         vehicles; providing an exception for wreckers;
    8         providing an effective date.
    9          
   10  Be It Enacted by the Legislature of the State of Florida:
   11  
   12         Section 1. Paragraph (c) of subsection (2) of section
   13  507.04, Florida Statutes, is amended to read:
   14         507.04 Required insurance coverages; liability limitations;
   15  valuation coverage.—
   16         (2) MOTOR VEHICLE INSURANCE.—Each mover operating in this
   17  state must maintain current and valid motor vehicle insurance
   18  coverage, including combined bodily injury and property damage
   19  liability coverage in the following minimum amounts:
   20         (c) Seven hundred and fifty thousand Three hundred thousand
   21  dollars per occurrence for a commercial motor vehicle with a
   22  gross weight of 44,000 pounds or more.
   23         Section 2. Subsection (3) of section 627.7415, Florida
   24  Statutes, is amended to read:
   25         627.7415 Commercial motor vehicles; additional liability
   26  insurance coverage.—Commercial motor vehicles, as defined in s.
   27  207.002 or s. 320.01, operated upon the roads and highways of
   28  this state shall be insured with the following minimum levels of
   29  combined bodily liability insurance and property damage
   30  liability insurance in addition to any other insurance
   31  requirements:
   32         (3) Seven hundred and fifty thousand Three hundred thousand
   33  dollars per occurrence for a commercial motor vehicle with a
   34  gross vehicle weight of 44,000 pounds or more, except for a
   35  vehicle that is a wrecker as defined in s. 320.01(39) and is
   36  eligible for a license plate under s. 320.0821, which wrecker
   37  must be insured at $300,000 per occurrence.
   38  
   39  A violation of this section is a noncriminal traffic infraction,
   40  punishable as a nonmoving violation as provided in chapter 318.
   41         Section 3. This act shall take effect January 1, 2023.