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

Classy Cycles, Inc. v. Bay County

Court: Fla. Dist. Ct. App. | Date Filed: 2016-09-28T00:00:00-07:00

Citation: 201 So. 3d 779

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: Fla. | Date Filed: 2011-04-21T00:00:00-07:00

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…motor vehicle liability policy as defined in s. 324.031. (2) An owner or a lessee who is required to maintain

Vargas v. Enterprise Leasing Co.

Court: Fla. Dist. Ct. App. | Date Filed: 2008-10-31T00:53:00-07:00

Citation: 993 So. 2d 614

Snippet: certificate of self insurance. § 324.031, Fla. Stat. (1955); see § 324.031(1)-(4), Fla. Stat. (2007). The…motor vehicle liability policy as defined in s. 324.031."[29] [e.s.] The plain text of the Chapter

Simpson v. State

Court: Fla. Dist. Ct. App. | Date Filed: 2007-12-11T23:53:00-08:00

Citation: 970 So. 2d 463

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: Fla. | Date Filed: 2000-02-09T23:53:00-08:00

Citation: 753 So. 2d 80

Snippet: certificate of self-insurance in accord with section 324.031(4), Florida Statutes (1999),[6] and is thereby …vehicle that meets the requirements of section 324.031(4), is just as much an "insured" motor…motor vehicle liability policy pursuant to section 324.031(1). This straightforward recognition answers the…motorist coverage prescribed by Section 627.0851 [now 324.031] is statutorily intended to provide the reciprocal…responsibility law. This is precisely what section 324.031, Florida Statutes (1999), states: Manner of proving

Zeichner v. City of Lauderhill

Court: Fla. Dist. Ct. App. | Date Filed: 1999-02-16T23:53:00-08:00

Citation: 732 So. 2d 1109

Snippet: of demonstrating self-insurance because section 324.031 does not supersede other statutorily authorized…methods of proving financial responsibility. Section 324.031[3] should be considered in conjunction with section…self-insurance is desired. [3] Florida Statute section 324.031 (1995) provides: The owner or operator of a taxicab

Navy Mutual Aid Ass'n v. Barrs

Court: Fla. Dist. Ct. App. | Date Filed: 1998-11-17T00:00:00-08:00

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: Fla. Dist. Ct. App. | Date Filed: 1996-07-26T00:00:00-07:00

Citation: 678 So. 2d 418

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

Canal Insurance Co. v. Reed

Court: Fla. Dist. Ct. App. | Date Filed: 1996-03-27T00:00:00-08:00

Citation: 680 So. 2d 486

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: Fla. | Date Filed: 1993-02-10T23:53:00-08:00

Citation: 613 So. 2d 466

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: Fla. | Date Filed: 1992-10-15T00:53:00-07:00

Citation: 606 So. 2d 364

Snippet: that provides its lessees compliance with section 324.031, Florida Statutes (1989), the Florida Financial…who provides an employee compliance with section 324.031 through a surety bond, to offer the employee uninsured…Budget provided Avila's compliance with section 324.031 through its status as a self-insurer. As in Lipof….2d 397 (Fla. 3d DCA 1988) (table). [3] Section 324.031, Florida Statutes (1989), provides in relevant

Lipof v. Florida Power and Light Co.

Court: Fla. | Date Filed: 1992-02-19T23:53:00-08:00

Citation: 596 So. 2d 1005

Snippet: compliance with section 324.031 of the Florida Financial Responsibility Law. Section 324.031 provides four methods…liability policy," pursuant to section 324.031(1). Section 324.031(1) refers to sections 324.021(8) and …provide the following: (1) compliance with section 324.031, Florida Statutes (1983) (of the Florida Financial… company as recognized by sections 627.733 and 324.031, Florida Statutes (1983), and because of [Florida…three different ways: (1) compliance with section 324.031; (2) compliance with sections 627.730-.7405; and

Lipof v. Florida Power & Light Co.

Court: Fla. Dist. Ct. App. | Date Filed: 1990-04-25T00:53:00-07:00

Citation: 558 So. 2d 1067

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

Gabriel v. Travelers Indem. Co.

Court: Fla. Dist. Ct. App. | Date Filed: 1987-11-16T23:53:00-08:00

Citation: 515 So. 2d 1322

Snippet: responsibility in the manner described by section 324.031, Florida Statutes (1979),[1] renders the City uninsured…to obtain the certificate described in sections 324.031 and 324.171, Florida Statutes (1979),[3] left it…of demonstrating self-insurance because section 324.031 does not supersede other statutorily authorized…methods of proving financial responsibility. Section 324.031 should be considered in conjunction with section…the final judgment. Affirmed. NOTES [1] Section 324.031, Florida Statutes (1979), provides: Manner of

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

Court: Fla. | Date Filed: 1983-11-30T23:53:00-08:00

Citation: 447 So. 2d 1337

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: Fla. Dist. Ct. App. | Date Filed: 1982-10-26T00:53:00-07:00

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: Fla. Att'y Gen. | Date Filed: 1981-06-09T00:53:00-07:00

Snippet: of financial responsibility as provided in s. 324.031. . . .' According to that opinion, although…future financial responsibility as provided in s.324.031 must be met by all persons — including

State v. Lee

Court: Fla. | Date Filed: 1978-02-22T23:53:00-08:00

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: Fla. Dist. Ct. App. | Date Filed: 1976-09-22T00:53:00-07:00

Citation: 337 So. 2d 830

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

Ennis v. Charter

Court: Fla. Dist. Ct. App. | Date Filed: 1974-02-21T00:53:00-07:00

Citation: 290 So. 2d 96

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