Florida Statute 324.161 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXIII
MOTOR VEHICLES

Chapter 324
FINANCIAL RESPONSIBILITY

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324.161 Proof of financial responsibility; deposit.—Annually, before any certificate of insurance may be issued to a person, including any firm, partnership, association, corporation, or other person, other than a natural person, proof of a certificate of deposit of $30,000 issued and held by a financial institution must be submitted to the department. A power of attorney will be issued to and held by the department and may be executed upon a judgment issued against such person making the deposit, for damages because of bodily injury to or death of any person or for damages because of injury to or destruction of property resulting from the use or operation of any motor vehicle occurring after such deposit was made. Money so deposited shall not be subject to attachment or execution unless such attachment or execution shall arise out of a suit for damages as aforesaid.

History.—s. 1, ch. 29963, 1955; ss. 13, 35, ch. 69-106; s. 91, ch. 94-306; s. 69, ch. 2013-160.

Note.—Former s. 324.11.

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Amendments to 324.161

Annotations, Discussions, Cases:

Cases Citing Statute 324.161

Total Results: 3 | Sort by: Relevance | Newest First

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Howard v. Am. Serv. Mut. Ins. Co., 151 So. 2d 682 (Fla. 3d DCA 1963).

Cited 25 times | Published | Florida 3rd District Court of Appeal | 8 A.L.R. 3d 382, 1963 Fla. App. LEXIS 3571

...ry bond of a surety company authorized to do business in this state, conditioned for payment of the amount specified in § 324.021(7), or "(3) Furnishing a certificate of the state treasurer showing a deposit of cash or securities in accordance with § 324.161, or "(4) Furnishing a certificate of self-insurance issued by the commissioner in accordance with § 324.171."

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Roth v. Cannel, 242 So. 2d 491 (Fla. Dist. Ct. App. 1970).

Published | District Court of Appeal of Florida | 1970 Fla. App. LEXIS 5374

...r sufficient to bring Driver within the coverage of Owner’s liability insurance policy. State Farm reasons that because the Owner’s liability policy was, prior to the accident, certified as proof of financial responsibility for the future, under § 324.161, Fla.Stat., F.S.A., the insurance coverage was extended to a driver with only implied, and not express, permission....

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McKinney v. O'Malley, 379 F. Supp. 135 (M.D. Fla. 1974).

Published | District Court, M.D. Florida | 1974 U.S. Dist. LEXIS 7272

deposit of cash or securities in accordance with § 324.161, or (4) Furnishing a certificate of self-insurance

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.