Florida Statute 324.031 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXIII
MOTOR VEHICLES

Chapter 324
FINANCIAL RESPONSIBILITY

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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.

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Amendments to 324.031

Annotations, Discussions, Cases:

Cases Citing Statute 324.031

Total Results: 27

Young v. Progressive Southeastern Ins. Co.

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

Supreme Court of Florida | Filed: Feb 10, 2000 | Docket: 592622

Cited 63 times | Published

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

Garcia v. Vanguard Car Rental USA, Inc.

540 F.3d 1242, 2008 U.S. App. LEXIS 17681, 21 Fla. L. Weekly Fed. C 1001

Court of Appeals for the Eleventh Circuit | Filed: Aug 19, 2008 | Docket: 1562484

Cited 56 times | Published

furnishing a certificate of self-insurance. Fla. Stat. § 324.031. These other financial arrangements, like insurance

Howard v. American Service Mutual Insurance Co.

151 So. 2d 682, 8 A.L.R. 3d 382, 1963 Fla. App. LEXIS 3571

District Court of Appeal of Florida | Filed: Apr 2, 1963 | Docket: 1254756

Cited 25 times | Published

injured parties and there is compliance with § 324.031, Fla. Stat., F.S.A.[3] Further, § 324.121, Fla

Vargas v. Enterprise Leasing Co.

993 So. 2d 614, 2008 WL 4756388

District Court of Appeal of Florida | Filed: Oct 31, 2008 | Docket: 470003

Cited 19 times | Published

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

Johns v. Liberty Mut. Fire Ins. Co.

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

District Court of Appeal of Florida | Filed: Sep 22, 1976 | Docket: 1415376

Cited 18 times | Published

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

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

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

Supreme Court of Florida | Filed: Dec 1, 1983 | Docket: 1311775

Cited 16 times | Published

authorized by s. 324.031(2), (3), or (4).. . Section 324.031, Fla. Stat. (1977) provides in pertinent part:

Lynch-Davidson Motors v. Griffin

182 So. 2d 7

Supreme Court of Florida | Filed: Jan 5, 1966 | Docket: 1486899

Cited 14 times | Published

responsibility after an accident in compliance with Section 324.031(1) of the Act. This holding runs head on into

Larson v. Warren

132 So. 2d 177

Supreme Court of Florida | Filed: Jul 26, 1961 | Docket: 1382154

Cited 14 times | Published

order to operate his automobile on the street. Section 324.031, Florida Statutes, F.S.A., contains means for

Mears Transportation Group, Checker Cab Company of Orlando, Inc., City Cab Company of Orlando, Inc., Yellow Cab Company of Orlando, Inc., Mears Special Services, Inc., Airport Limousine Service of Orlando, Inc., and Paratransit Risk Retention Group of Maryland, Inc. v. State of Florida, Fred O. Dickinson, Iii, as Executive Director of the State of Florida Department of Highway Safety & Motor Vehicles, Ashtin Leasing, Inc., D/B/A Ace Metro Cab, D/B/A Gator Cab, and Paratransit Risk Retention Group of Maryland, Inc. v. Fred O. Dickinson, Iii, as Executive Director of the State of Florida Department of Highway Safety & Motor Vehicles, and Individually

34 F.3d 1013, 1994 U.S. App. LEXIS 28198

Court of Appeals for the Eleventh Circuit | Filed: Oct 11, 1994 | Docket: 893798

Cited 12 times | Published

self-insurance. Mears and Ashtin both complied with section 324.031 by posting a $100,000 certificate of deposit

Bankers & Shippers Ins. Co. v. Phoenix Assurance Co.

210 So. 2d 715, 1968 Fla. LEXIS 2262

Supreme Court of Florida | Filed: May 22, 1968 | Docket: 375117

Cited 12 times | Published

responsibility for the future pursuant to Section 324.031, and then only from and after the date said

Diversified Services, Inc. v. Avila

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

Supreme Court of Florida | Filed: Oct 15, 1992 | Docket: 230922

Cited 10 times | Published

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

Lipof v. Florida Power and Light Co.

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

Supreme Court of Florida | Filed: Feb 20, 1992 | Docket: 1707232

Cited 10 times | Published

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

Williams v. Newton

236 So. 2d 98

Supreme Court of Florida | Filed: May 20, 1970 | Docket: 456842

Cited 9 times | Published

and had complied with one of the provisions of § 324.031, or "6. Such operator or owner has deposited with

Makris v. State Farm Mutual Automobile Insurance Company

267 So. 2d 105, 1972 Fla. App. LEXIS 6113

District Court of Appeal of Florida | Filed: Aug 22, 1972 | Docket: 1740629

Cited 8 times | Published

future financial responsibility under Fla. Stat. § 324.031, F.S.A., the insurance coverage was not extended

Zeichner v. City of Lauderhill

732 So. 2d 1109, 1999 WL 71632

District Court of Appeal of Florida | Filed: Feb 17, 1999 | Docket: 1513345

Cited 4 times | Published

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

Gabriel v. Travelers Indem. Co.

515 So. 2d 1322, 1987 WL 1586

District Court of Appeal of Florida | Filed: Nov 17, 1987 | Docket: 1467900

Cited 4 times | Published

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

Hayes v. Thomas

161 So. 2d 545

District Court of Appeal of Florida | Filed: Feb 26, 1964 | Docket: 1522472

Cited 3 times | Published

proof of financial responsibility pursuant to § 324.031, insuring said owner and/or operator against loss

Ennis v. Charter

290 So. 2d 96

District Court of Appeal of Florida | Filed: Feb 21, 1974 | Docket: 450884

Cited 2 times | Published

financial responsibility for the future pursuant to § 324.031, and then only from and after the date said policy

Simpson v. State

970 So. 2d 463, 2007 WL 4322273

District Court of Appeal of Florida | Filed: Dec 12, 2007 | Docket: 1694790

Cited 1 times | Published

not owned by him, see § 324.151(1)(b). See also § 324.031 (providing that an owner or operator of a vehicle

Phoenix Insurance v. McQueen ex rel. McQueen

240 So. 2d 79, 1970 Fla. App. LEXIS 5526

District Court of Appeal of Florida | Filed: Oct 6, 1970 | Docket: 64516901

Cited 1 times | Published

v. Newton (Fla.1970), 236 So.2d 98. . F.S. § 324.031, F.S.A. . Supra note 1. . American Mutual

State Farm Mutual Automobile Insurance Company v. Anna Bevilacqua Spangler

Court of Appeals for the Eleventh Circuit | Filed: Apr 3, 2023 | Docket: 65768765

Published

Argued: Nov 18, 2022

are not relevant here. See Fla. Stat. § 324.031. USCA11 Case: 21-12062 Document: 36-1

Mitchell v. State Farm Mutual Automobile Insurance

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

District Court of Appeal of Florida | Filed: Jul 26, 1996 | Docket: 64766710

Published

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

Mears Transportation Group v. Florida

34 F.3d 1013

Court of Appeals for the Eleventh Circuit | Filed: Oct 11, 1994 | Docket: 64018402

Published

reeently-effeetive Florida Session Law 92-29, which amended § 324.031, Florida Statutes (1992), violates the Liability

McKinney v. O'Malley

379 F. Supp. 135, 1974 U.S. Dist. LEXIS 7272

District Court, M.D. Florida | Filed: Aug 6, 1974 | Docket: 66097811

Published

responsibility for future accidents asprovided in Section 324.031,4 and by either obtaining a release from liability

United States Fidelity & Guaranty Co. v. National Indemnity Co.

258 F. Supp. 444, 1966 U.S. Dist. LEXIS 6729

District Court, S.D. Florida | Filed: Jul 12, 1966 | Docket: 66037459

Published

He may do this in four different ways under § 324.031 F.S.A., none of which was done here. One of these

Financial Indemnity Co. v. Pennsylvania National Mutual Casualty Insurance

184 So. 2d 514, 1966 Fla. App. LEXIS 5703

District Court of Appeal of Florida | Filed: Mar 22, 1966 | Docket: 64496125

Published

responsibility after the accident in compliance with § 324.031(1) of the Act. Therefore, it is alleged that the

State Farm Mutual Automobile Insurance v. Hench

171 So. 2d 11

District Court of Appeal of Florida | Filed: Jan 26, 1965 | Docket: 64491809

Published

to be proof of financial responsibility under § 324.031(1), shall be issued to owners or operators under

This Florida statute resource is curated by Graham W. Syfert, Esq., a Jacksonville, Florida personal injury and workers' compensation attorney. Attorney Syfert regularly works with Chapter 324 in the context of auto insurance and financial responsibility and represents clients throughout Northeast Florida. For legal consultation, call 904-383-7448.