324.171
Self-insurer.
Find cases:
SyfertCases citing this section
FL-LEGleg.state.fl.us
JustiaFla. Statutes
CornellLII Search
CasesGoogle Scholar
324.171 Self-insurer.—
(1) Any person may qualify as a self-insurer by obtaining a certificate of self-insurance from the department which may, in its discretion and upon application of such a person, issue said certificate of self-insurance when such person has satisfied the requirements of this section to qualify as a self-insurer under this section:
(a) A private individual with private passenger vehicles shall possess a net unencumbered worth of at least $40,000.
(b) A person, including any firm, partnership, association, corporation, or other person, other than a natural person, shall:
1. Possess a net unencumbered worth of at least $40,000 for the first motor vehicle and $20,000 for each additional motor vehicle; or
2. Maintain sufficient net worth, as determined annually by the department, pursuant to rules promulgated by the department, with the assistance of the Office of Insurance Regulation of the Financial Services Commission, to be financially responsible for potential losses. The rules shall take into consideration excess insurance carried by the applicant. The department’s determination shall be based upon reasonable actuarial principles considering the frequency, severity, and loss development of claims incurred by casualty insurers writing coverage on the type of motor vehicles for which a certificate of self-insurance is desired.
(2) The self-insurance certificate shall provide limits of liability insurance in the amounts specified under s. 324.021(7) or s. 627.7415 and shall provide personal injury protection coverage under s. 627.733(3)(b).
(3) The department may require annual reports from any self-insurer which reports must continue to demonstrate the applicable amount of unencumbered net worth. Whenever the department finds that any self-insurer does not possess the required amount of unencumbered net worth, it shall revoke the certificate of self-insurance.
History.—s. 1, ch. 29963, 1955; ss. 13, 35, ch. 69-106; s. 4, ch. 85-320; s. 4, ch. 86-18; s. 46, ch. 87-198; s. 365, ch. 2003-261; s. 88, ch. 2013-160.
Note.—Former s. 324.12.
Notes of Decisions
Cited in 17
cases, 1963–2003 · leading case: Young v. Progressive Southeastern Ins. Co.
Young v. Progressive Southeastern Ins. Co. (2000)
“031(4) or, with regard to governmental entities, as authorized by section 768.28(15)(a), Florida Statutes (1995).”
Johns v. Liberty Mut. Fire Ins. Co. (1976)
“1967 provided that an operator or owner of a vehicle may prove his financial responsibility by furnishing a certificate of self-insurance issued by the commissioner in accordance with § 324.171 F.S. Appellee admits that the City of St.”
Industrial Fire & Cas. Ins. Co. v. Kwechin (1983)
“Section 324.171, Florida Statutes (1977) provides that one may self-insure only if he has unencumbered net capital of at least ,000.”
Zeichner v. City of Lauderhill (1999)
“" In addition, appellant emphasized the City's lack of a certificate of self-insurance and absence of proof that the city maintained sufficient net worth to qualify as a self-insurer, as required by section 324.”
Dixie Farms, Inc. v. Hertz Corp. (1977)
“733(3)(b), Florida Statutes (1975), a self-insurer who qualifies under Section 324.171, Florida Statutes (1975), is subject to all the rights and obligations of *636 an insurer under the "Florida Automobile Reparations Reform Act," Sections 627.”
Guemes v. Biscayne Auto Rentals, Inc. (1982)
“NOTES [1] Biscayne had qualified as a self-insurer under the Florida Financial Responsibility Act, Section 324.171, Florida Statutes (1977).”
Budget Rent a Car Systems v. Taylor (1993)
“To qualify as a self-insurer under section 324.171, Florida Statutes (1989), Budget was required to obtain a certificate of self-insurance from the Department of Highway Safety & Motor Vehicles.”
Gabriel v. Travelers Indem. Co. (1987)
“[3] Section 324.171 Florida Statutes (1979), provides: Self-insurer Any person may qualify as a self-insurer by obtaining a certificate of self-insurance from the department which may, in its discretion, upon application of such a person, issue said certificate of…”
Aetna Casualty & Surety Co. v. Market Insurance Co. (1974)
“2d 247 is misplaced as therein the court was confronted with the situation of an insured employee driver who was involved in an accident while driving an uninsured truck owned by his employer, City Products Corporation, which had a certificate showing that it complied with the…”
Guardado v. Greyhound Rent-A-Car (1976)
“Section 324.171, Florida Statutes (1975), allows those who can financially qualify to become a self-insured.”
Howard v. American Service Mutual Insurance Co. (1963)
“161, or "(4) Furnishing a certificate of self-insurance issued by the commissioner in accordance with § 324.171."”
Centennial Insurance Co. v. Wallace (1976)
“The winch truck was self-insured by FPL pursuant to § 324.171, *817 Fla. Stat.; nevertheless, FPL was immune from liability by virtue of § 440.”
— 324.171(a) — 1 case
Young v. Progressive Southeastern Ins. Co. (2000)
“031(4) or, with regard to governmental entities, as authorized by section 768.28(15)(a), Florida Statutes (1995).”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.