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Fla. Stat. § 324.031 (2025)

Manner of proving financial responsibility.

✓ 2025 Florida Statutes — current through the 2025 Regular Session
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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.
Notes of Decisions
Cited in 32 cases (2 in the last 5 years), 1960–2024 · leading case: Young v. Progressive Se. Ins. Co., 753 So. 2d 80 (Fla. 2000).
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Young v. Progressive Se. Ins. Co., 753 So. 2d 80 (Fla. 2000). · cites it 13× “See § 324.031, Fla. Stat. (1995). Similarly, motorists can meet the insurance requirements of the Florida Motor Vehicle No Fault Law by self-insuring as authorized by section 324.”
Lipof v. Florida Power & Light Co., 596 So. 2d 1005 (Fla. 1992). · cites it 16× “§ 324.031, Fla. Stat. (1983). Lipof contends that as the "owner or operator" of the vehicle he chose to use the agreement as a "motor vehicle liability policy," pursuant to section 324.”
Diversified Servs., Inc. v. Avila, 606 So. 2d 364 (Fla. 1992). · cites it 6× “727(1) requires a self-insured automobile leasing company that provides its lessees compliance with section 324.031, Florida Statutes (1989), the Florida Financial Responsibility Law, to offer uninsured motorist coverage.”
Vargas v. Enter. Leasing Co., 993 So. 2d 614 (Fla. 4th DCA 2008). · cites it 3× “§ 324.031, Fla. Stat. (1955); see § 324.031(1)-(4), Fla.”
Howard v. Am. Serv. Mut. Ins. Co., 151 So. 2d 682 (Fla. 3d DCA 1963). · cites it 5× “" [3] Fla. Stat. 324.031 reads as follows: "Manner of proving financial responsibility "The operator or owner of a vehicle may prove his financial responsibility by: "(1) Furnishing satisfactory evidence of holding a motor vehicle liability policy as defined in § 324.”
Garcia v. Vanguard Car Rental USA, Inc., 540 F.3d 1242 (11th Cir. 2008). “Fla. Stat. § 324.031 . These other financial arrangements, like insurance, provide “proof of ability to respond in damages on account of crashes arising out the use of a motor vehicle,” which is Florida law’s definition of “proof of financial responsibility.”
Gabriel v. Travelers Indem. Co., 515 So. 2d 1322 (Fla. 3d DCA 1987). · cites it 6× “1977), Gabriel contends that the City's failure to prove financial responsibility in the manner described by section 324.031, Florida Statutes (1979), [1] renders the City uninsured and entitles him to obtain uninsured motorist benefits from his insurer.”
Checker Cab Operators, Inc. v. Miami-Dade Cnty.., 899 F.3d 908 (11th Cir. 2018). “Fla. Stat. §§ 324.031 -032(1)(a) (2018). Likewise, TNEs were obliged to satisfy "all of the applicable insurance provisions of State law" and to "provide supplemental insurance for each [TNE] driver and [TNE] vehicle" of "at least 5,000 per person for death or bodily injury;…”
Williams v. Newton, 236 So. 2d 98 (Fla. 1970). · cites it 4× “In Larson , supra, we stated: [12] "Section 324.031, Florida Statutes, F.S.A.”
Reis v. OOIDA Risk Retention Grp., Inc., 814 S.E.2d 338 (Ga. 2018). “The statute at issue was Fla.Stat. § 324.031 which provided, in relevant part: 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…”
Larson v. Warren, 132 So. 2d 177 (Fla. 1961). · cites it 2× “Section 324.031, Florida Statutes, F.S.A.”
Lynch-Davidson Motors v. Griffin, 182 So. 2d 7 (Fla. 1966). · cites it 2× “65-489, Acts of 1965, stating in unambiguous terms that "(2) The provisions of this section shall not be applicable to any automobile liability policy unless and until it is furnished as proof of financial responsibility for the future pursuant to section 324.031, and then only…”
Show all 32 citing cases →
— 324.031(1) — 9 cases
Young v. Progressive Se. Ins. Co., 753 So. 2d 80 (Fla. 2000). “See § 324.031, Fla. Stat. (1995). Similarly, motorists can meet the insurance requirements of the Florida Motor Vehicle No Fault Law by self-insuring as authorized by section 324.”
Vargas v. Enter. Leasing Co., 993 So. 2d 614 (Fla. 4th DCA 2008). “§ 324.031, Fla. Stat. (1955); see § 324.031(1)-(4), Fla.”
Lipof v. Florida Power & Light Co., 596 So. 2d 1005 (Fla. 1992). “§ 324.031, Fla. Stat. (1983). Lipof contends that as the "owner or operator" of the vehicle he chose to use the agreement as a "motor vehicle liability policy," pursuant to section 324.”
Lynch-Davidson Motors v. Griffin, 182 So. 2d 7 (Fla. 1966). “65-489, Acts of 1965, stating in unambiguous terms that "(2) The provisions of this section shall not be applicable to any automobile liability policy unless and until it is furnished as proof of financial responsibility for the future pursuant to section 324.031, and then only…”
State Farm Mut. Auto. Ins. v. Hench, 171 So. 2d 11 (Fla. 1st DCA 1965).
— 324.031(2) — 1 case
Lipof v. Florida Power & Light Co., 596 So. 2d 1005 (Fla. 1992). “§ 324.031, Fla. Stat. (1983). Lipof contends that as the "owner or operator" of the vehicle he chose to use the agreement as a "motor vehicle liability policy," pursuant to section 324.”
— 324.031(3) — 1 case
Progressive Specialty Ins. Co. v. Florida Hosp. Ocala, Inc. D/B/A Adventhealth Ocala A/A/O Sandra Thomas (Fla. 6th DCA 2024).
— 324.031(4) — 2 cases
Young v. Progressive Se. Ins. Co., 753 So. 2d 80 (Fla. 2000). “See § 324.031, Fla. Stat. (1995). Similarly, motorists can meet the insurance requirements of the Florida Motor Vehicle No Fault Law by self-insuring as authorized by section 324.”
Lipof v. Florida Power & Light Co., 596 So. 2d 1005 (Fla. 1992). “§ 324.031, Fla. Stat. (1983). Lipof contends that as the "owner or operator" of the vehicle he chose to use the agreement as a "motor vehicle liability policy," pursuant to section 324.”
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This Florida statute resource is curated by Graham Syfert, a Jacksonville, Florida personal injury and workers' compensation attorney (Florida Bar No. 39104). Attorney Syfert regularly handles Chapter 324 matters in the context of auto insurance and financial responsibility and represents clients throughout Northeast Florida. For legal consultation, call 904-383-7448.