Florida Statute 324.031 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXIII
MOTOR VEHICLES

Chapter 324
FINANCIAL RESPONSIBILITY

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F.S. 324.031

324.031 Manner of proving financial responsibility.—The owner or operator of a taxicab, limousine, jitney, or any other for-hire passenger transportation vehicle may prove financial responsibility by providing satisfactory evidence of holding a motor vehicle liability policy as defined in s. 324.021(8) or s. 324.151, which policy is issued by an insurance carrier which is a member of the Florida Insurance Guaranty Association. The operator or owner of any other vehicle may prove his or her financial responsibility by:

(1) Furnishing satisfactory evidence of holding a motor vehicle liability policy as defined in ss. 324.021(8) and 324.151;

(2) Furnishing a certificate of self-insurance showing a deposit of cash in accordance with s. 324.161; or

(3) Furnishing a certificate of self-insurance issued by the department in accordance with s. 324.171.

Any person, including any firm, partnership, association, corporation, or other person, other than a natural person, electing to use the method of proof specified in subsection (2) shall furnish a certificate of deposit equal to the number of vehicles owned times $30,000, to a maximum of $120,000; in addition, any such person, other than a natural person, shall maintain insurance providing coverage in excess of limits of $10,000/20,000/10,000 or $30,000 combined single limits, and such excess insurance shall provide minimum limits of $125,000/250,000/50,000 or $300,000 combined single limits. These increased limits shall not affect the requirements for proving financial responsibility under s. 324.032(1).

History.—s. 1, ch. 29963, 1955; ss. 13, 35, ch. 69-106; s. 3, ch. 85-320; s. 12, ch. 87-225; s. 1, ch. 92-29; s. 89, ch. 94-306; s. 945, ch. 95-148; s. 3, ch. 2002-282; s. 67, ch. 2013-160.

Note.—Former s. 324.02.

F.S. 324.031 on Google Scholar

F.S. 324.031 on Casetext

Amendments to 324.031

Arrestable Offenses / Crimes under Fla. Stat. 324.031

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 324.031.

Annotations, Discussions, Cases:

Cases Citing Statute 324.031

Total Results: 20

Progressive Specialty Insurance Company v. Florida Hospital Ocala, Inc. D/B/A Adventhealth Ocala A/A/O Sandra Thomas

Court: District Court of Appeal of Florida | Date Filed: 2024-10-14

Snippet: coverage for two or more persons (incorporating §§ 324.031(1), 324.021(8), and 324.021(7), Fla. Stat. (2019));

Classy Cycles, Inc. v. Bay County

Court: District Court of Appeal of Florida | Date Filed: 2016-09-28

Citation: 201 So. 3d 779, 2016 Fla. App. LEXIS 14507

Snippet: avoid a license suspension. §§ 324.021(7) and (8), 324.031, and 324.051(2), Fla. Stat. .After á motorcycle

Vargas v. Enterprise Leasing Co.

Court: Supreme Court of Florida | Date Filed: 2011-04-21

Citation: 60 So. 3d 1037, 36 Fla. L. Weekly Supp. 187, 2011 Fla. LEXIS 951, 2011 WL 1496474

Snippet: vehicles. — Notwithstanding the provisions of s. 324.031: [[Image here]] (1)(b) A person who is either the

Vargas v. Enterprise Leasing Co.

Court: District Court of Appeal of Florida | Date Filed: 2008-10-31

Citation: 993 So. 2d 614, 2008 WL 4756388

Snippet: certificate of self insurance. § 324.031, Fla. Stat. (1955); see § 324.031(1)-(4), Fla. Stat. (2007). The

Simpson v. State

Court: District Court of Appeal of Florida | Date Filed: 2007-12-12

Citation: 970 So. 2d 463, 2007 WL 4322273

Snippet: owned by him, see § 324.151(1)(b). See also § 324.031 (providing that an owner or operator of a vehicle

Young v. Progressive Southeastern Ins. Co.

Court: Supreme Court of Florida | Date Filed: 2000-02-10

Citation: 753 So. 2d 80, 25 Fla. L. Weekly Supp. 120, 2000 Fla. LEXIS 86, 2000 WL 144188

Snippet: certificate of self-insurance in accord with section 324.031(4), Florida Statutes (1999),[6] and is thereby

Zeichner v. City of Lauderhill

Court: District Court of Appeal of Florida | Date Filed: 1999-02-17

Citation: 732 So. 2d 1109, 1999 WL 71632

Snippet: of demonstrating self-insurance because section 324.031 does not supersede other statutorily authorized

Navy Mutual Aid Ass'n v. Barrs

Court: District Court of Appeal of Florida | Date Filed: 1998-11-17

Citation: 732 So. 2d 345, 1998 Fla. App. LEXIS 14550, 1998 WL 796306

Snippet: cf. also Hensley Ins. Co. v. Echols, 159 Fla. 324, 31 So.2d 625 (1947) (affirming judgment against the

Mitchell v. State Farm Mutual Automobile Insurance

Court: District Court of Appeal of Florida | Date Filed: 1996-07-26

Citation: 678 So. 2d 418, 1996 Fla. App. LEXIS 7853, 1996 WL 416022

Snippet: of financial responsibility pursuant to section 324.031. Among other things, the statute says such policies

Canal Insurance Co. v. Reed

Court: District Court of Appeal of Florida | Date Filed: 1996-03-27

Citation: 680 So. 2d 486, 1996 Fla. App. LEXIS 3308, 1996 WL 134307

Snippet: of financial responsibility as provided in s. 324.031.... § 322.03(l)(b), Fla.Stat. (Supp.1986). This

Grant v. New Hampshire Ins. Co.

Court: Supreme Court of Florida | Date Filed: 1993-02-11

Citation: 613 So. 2d 466, 18 Fla. L. Weekly Supp. 107, 1993 Fla. LEXIS 169, 1993 WL 32053

Snippet: financial responsibility for the future pursuant to s.324.031, and then only from and after the date said policy

Diversified Services, Inc. v. Avila

Court: Supreme Court of Florida | Date Filed: 1992-10-15

Citation: 606 So. 2d 364, 17 Fla. L. Weekly Supp. 619, 1992 Fla. LEXIS 1797, 1992 WL 289665

Snippet: that provides its lessees compliance with section 324.031, Florida Statutes (1989), the Florida Financial

Lipof v. Florida Power and Light Co.

Court: Supreme Court of Florida | Date Filed: 1992-02-20

Citation: 596 So. 2d 1005, 17 Fla. L. Weekly Supp. 117, 1992 Fla. LEXIS 243, 1992 WL 27891

Snippet: provide the following: (1) compliance with section 324.031, Florida Statutes (1983) (of the Florida Financial

Lipof v. Florida Power & Light Co.

Court: District Court of Appeal of Florida | Date Filed: 1990-04-25

Citation: 558 So. 2d 1067, 1990 WL 26208

Snippet: company as recognized by sections 627.733 and 324.031, Florida Statutes (1983), and *1068 because of

Gabriel v. Travelers Indem. Co.

Court: District Court of Appeal of Florida | Date Filed: 1987-11-17

Citation: 515 So. 2d 1322, 1987 WL 1586

Snippet: responsibility in the manner described by section 324.031, Florida Statutes (1979),[1] renders the City uninsured

Industrial Fire & Cas. Ins. Co. v. Kwechin

Court: Supreme Court of Florida | Date Filed: 1983-12-01

Citation: 447 So. 2d 1337, 1983 Fla. LEXIS 3114

Snippet: insurance] authorized by s. 324.031(2), (3), or (4).. . Section 324.031, Fla. Stat. (1977) provides in

Royal Netherlands Realty, Inc. v. Ross

Court: District Court of Appeal of Florida | Date Filed: 1982-10-26

Citation: 421 So. 2d 642

Snippet: see also, Hensley Ins. Co. v. Echols, 159 Fla. 324, 31 So.2d 625 (1947). Although the brokers were clearly

Ago

Court: Florida Attorney General Reports | Date Filed: 1981-06-09

Snippet: of financial responsibility as provided in s. 324.031. . . .' According to that opinion, although a discharge

State v. Lee

Court: Supreme Court of Florida | Date Filed: 1978-02-23

Citation: 356 So. 2d 276

Snippet: one of the alternative methods set forth in s. 324.031(2), (3), or (4). [The three alternative methods

Johns v. Liberty Mut. Fire Ins. Co.

Court: District Court of Appeal of Florida | Date Filed: 1976-09-22

Citation: 337 So. 2d 830, 1976 Fla. App. LEXIS 15487

Snippet: vehicle financial responsibility law." Section 324.031 F.S. 1967 provided that an operator or owner of