Florida Statute 324.171 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXIII
MOTOR VEHICLES

Chapter 324
FINANCIAL RESPONSIBILITY

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F.S. 324.171

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.

(c) The owner of a commercial motor vehicle, as defined in s. 207.002 or s. 320.01, may qualify as a self-insurer subject to the standards provided for in subparagraph (b)2.

(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.

F.S. 324.171 on Google Scholar

F.S. 324.171 on Casetext

Amendments to 324.171

Arrestable Offenses / Crimes under Fla. Stat. 324.171

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 324.171.

Annotations, Discussions, Cases:

Cases Citing Statute 324.171

Total Results: 20

Progressive Specialty Insurance Company v. Florida Hospital Ocala, Inc. D/B/A Adventhealth Ocala A/A/O Sandra Thomas

Court: District Court of Appeal of Florida | Date Filed: 2024-10-14

Snippet: least $40,000” (incorporating §§ 324.031(3) and 324.171, Fla. Stat. (2019)). 8 The security

Vargas v. Enterprise Leasing Co.

Court: Supreme Court of Florida | Date Filed: 2011-04-21

Citation: 60 So. 3d 1037, 36 Fla. L. Weekly Supp. 187, 2011 Fla. LEXIS 951, 2011 WL 1496474

Snippet: responsibility by complying with the provisions of s. 324.171, such compliance to be demonstrated by maintaining

Rosati v. Vaillancourt

Court: District Court of Appeal of Florida | Date Filed: 2003-07-03

Citation: 848 So. 2d 467, 2003 Fla. App. LEXIS 10148, 2003 WL 21511326

Snippet: responsibility for ‘primary coverage’ ”). . Section 324.171, Florida Statutes, governs eligibility of a lessor

Young v. Progressive Southeastern Ins. Co.

Court: Supreme Court of Florida | Date Filed: 2000-02-10

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

Snippet: net unencumbered worth of at least $40,000." § 324.171(a). The small amount of assets required to establish

United Services Auto. Ass'n v. Phillips

Court: District Court of Appeal of Florida | Date Filed: 1999-07-30

Citation: 740 So. 2d 1205, 1999 WL 550790

Snippet: certificate of self-insurance in accordance with section 324.171.[3] Likewise, here the Authority had not obtained

Zeichner v. City of Lauderhill

Court: District Court of Appeal of Florida | Date Filed: 1999-02-17

Citation: 732 So. 2d 1109, 1999 WL 71632

Snippet: qualify as a self-insurer, as required by section 324.171, Florida Statutes (1995). The trial court granted

Budget Rent a Car Systems v. Taylor

Court: District Court of Appeal of Florida | Date Filed: 1993-10-13

Citation: 626 So. 2d 976, 1993 WL 406624

Snippet: contract. To qualify as a self-insurer under section 324.171, Florida Statutes (1989), Budget was required to

Diversified Services, Inc. v. Avila

Court: Supreme Court of Florida | Date Filed: 1992-10-15

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

Snippet: Financial Responsibility Law, sections 324.021(7) and 324.171, Florida Statutes (1983). Budget asserted that

Lipof v. Florida Power and Light Co.

Court: Supreme Court of Florida | Date Filed: 1992-02-20

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

Snippet: issued by the department in accordance with s. 324.171. § 324.031, Fla. Stat. (1983). Lipof contends that

Gabriel v. Travelers Indem. Co.

Court: District Court of Appeal of Florida | Date Filed: 1987-11-17

Citation: 515 So. 2d 1322, 1987 WL 1586

Snippet: certificate described in sections 324.031 and 324.171, Florida Statutes (1979),[3] left it uninsured

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

Court: Supreme Court of Florida | Date Filed: 1983-12-01

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

Snippet: by the department in accordance with s. 324.171. Section 324.171, Florida Statutes (1977) provides that

Guemes v. Biscayne Auto Rentals, Inc.

Court: District Court of Appeal of Florida | Date Filed: 1982-04-20

Citation: 414 So. 2d 216

Snippet: Florida Financial Responsibility Act, Section 324.171, Florida Statutes (1977). [2] In Cerniglia v.

Dixie Farms, Inc. v. Hertz Corp.

Court: District Court of Appeal of Florida | Date Filed: 1977-02-15

Citation: 343 So. 2d 633, 1977 Fla. App. LEXIS 15475

Snippet: (1975), a self-insurer who qualifies under Section 324.171, Florida Statutes (1975), is subject to all the

Guardado v. Greyhound Rent-A-Car

Court: District Court of Appeal of Florida | Date Filed: 1976-12-07

Citation: 340 So. 2d 510

Snippet: had qualified as a self-insured under Section 324,171, Florida Statutes (1975), denied that appellants

Johns v. Liberty Mut. Fire Ins. Co.

Court: District Court of Appeal of Florida | Date Filed: 1976-09-22

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

Snippet: issued by the commissioner in accordance with § 324.171 F.S. Appellee admits that the City of St. Petersburg

Centennial Insurance Co. v. Wallace

Court: District Court of Appeal of Florida | Date Filed: 1976-04-06

Citation: 330 So. 2d 815

Snippet: winch truck was self-insured by FPL pursuant to § 324.171, *817 Fla. Stat.; nevertheless, FPL was immune

Aetna Casualty & Surety Co. v. Market Insurance Co.

Court: District Court of Appeal of Florida | Date Filed: 1974-04-30

Citation: 296 So. 2d 555

Snippet: Florida Financial Responsibility Law, Fla. Stat. § 324.171, F.S.A., but had not obtained any kind of liability

Southeast Title and Insurance Company v. Collins

Court: District Court of Appeal of Florida | Date Filed: 1969-07-22

Citation: 226 So. 2d 247

Snippet: furnished satisfactory evidence pursuant to Section 324.171, F.S. 1967, F.S.A., of possessing a net unencumbered

Howard v. American Service Mutual Insurance Co.

Court: District Court of Appeal of Florida | Date Filed: 1963-04-02

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

Snippet: issued by the commissioner in accordance with § 324.171."

State Ex Rel. Dallas Investment Co. v. Peace

Court: Supreme Court of Florida | Date Filed: 1939-07-21

Citation: 190 So. 607, 139 Fla. 394, 1939 Fla. LEXIS 1677

Snippet: and City Council of Baltimore, et al.,166 Md. 324, 171 A. 70. The motion to quash the alternative writ