Florida Statute 324.032 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXIII
MOTOR VEHICLES

Chapter 324
FINANCIAL RESPONSIBILITY

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F.S. 324.032

324.032 Manner of proving financial responsibility; for-hire passenger transportation vehicles.—Notwithstanding the provisions of s. 324.031:

(1)(a) A person who is either the owner or a lessee required to maintain insurance under s. 627.733(1)(b) and who operates one or more taxicabs, limousines, jitneys, or any other for-hire passenger transportation vehicles may prove financial responsibility by furnishing satisfactory evidence of holding a motor vehicle liability policy, but with minimum limits of $125,000/250,000/50,000.

(b) A person who is either the owner or a lessee required to maintain insurance under s. 324.021(9)(b) and who operates limousines, jitneys, or any other for-hire passenger vehicles, other than taxicabs, may prove financial responsibility by furnishing satisfactory evidence of holding a motor vehicle liability policy as defined in s. 324.031.

(2) An owner or a lessee who is required to maintain insurance under s. 324.021(9)(b) and who operates at least 300 taxicabs, limousines, jitneys, or any other for-hire passenger transportation vehicles may provide financial responsibility by complying with the provisions of s. 324.171, such compliance to be demonstrated by maintaining at its principal place of business an audited financial statement, prepared in accordance with generally accepted accounting principles, and providing to the department a certification issued by a certified public accountant that the applicant’s net worth is at least equal to the requirements of s. 324.171 as determined by the Office of Insurance Regulation of the Financial Services Commission, including claims liabilities in an amount certified as adequate by a Fellow of the Casualty Actuarial Society.

Upon request by the department, the applicant must provide the department at the applicant’s principal place of business in this state access to the applicant’s underlying financial information and financial statements that provide the basis of the certified public accountant’s certification. The applicant shall reimburse the requesting department for all reasonable costs incurred by it in reviewing the supporting information. The maximum amount of self-insurance permissible under this subsection is $300,000 and must be stated on a per-occurrence basis, and the applicant shall maintain adequate excess insurance issued by an authorized or eligible insurer licensed or approved by the Office of Insurance Regulation. All risks self-insured shall remain with the owner or lessee providing it, and the risks are not transferable to any other person, unless a policy complying with subsection (1) is obtained.

History.—ss. 2, 3, ch. 95-262; s. 4, ch. 2002-282; s. 364, ch. 2003-261; s. 81, ch. 2003-267; s. 48, ch. 2006-290.

F.S. 324.032 on Google Scholar

F.S. 324.032 on Casetext

Amendments to 324.032

Arrestable Offenses / Crimes under Fla. Stat. 324.032

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 324.032.

Annotations, Discussions, Cases:

Cases Citing Statute 324.032

Total Results: 4

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: Casualty Actuarial Society. § 324.032, Fla. Stat. (2007). Section 324.032 clearly states that section 324.021…vehicles. Moreover, based on the language in sections 324.032(l)(b) and (2), Florida Statutes, it is readily …1044responsibility statute. These sections read: 324.032 Manner of proving financial responsibility; for-hire

Department of Health v. Rodriguez Ex Rel. Melendez

Court: Fla. Dist. Ct. App. | Date Filed: 2009-01-26T00:00:00-08:00

Citation: 5 So. 3d 22, 2009 Fla. App. LEXIS 487, 2009 WL 160306

Snippet: created the BSCI Program in 1994. See Ch. 94-324, §§ 32-35, at 2342-43, Laws of Fla. It renumbered the

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: in still another part of Chapter 324, namely § 324.032(1)(b), the Legislature provided: "A person

Battle v. Jennings Naval Stores Co.

Court: Fla. | Date Filed: 1917-06-15T00:00:00-08:00

Citation: 74 Fla. 12, 75 So. 949

Snippet: stores shipped under the contract amounting to $23,324.32, and on December 8, 1910, a balance was brought