Florida Senate - 2024                        COMMITTEE AMENDMENT
       Bill No. SB 846
       
       
       
       
       
       
                                Ì560190~Î560190                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  01/18/2024           .                                
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       The Committee on Banking and Insurance (DiCeglie) recommended
       the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete everything after the enacting clause
    4  and insert:
    5         Section 1. Subsection (8) of section 324.021, Florida
    6  Statutes, is amended to read:
    7         324.021 Definitions; minimum insurance required.—The
    8  following words and phrases when used in this chapter shall, for
    9  the purpose of this chapter, have the meanings respectively
   10  ascribed to them in this section, except in those instances
   11  where the context clearly indicates a different meaning:
   12         (8) MOTOR VEHICLE LIABILITY POLICY.—Any owner’s or
   13  operator’s policy of liability insurance furnished as proof of
   14  financial responsibility pursuant to s. 324.031, insuring such
   15  owner or operator against loss from liability for bodily injury,
   16  death, and property damage arising out of the ownership,
   17  maintenance, or use of a motor vehicle in not less than the
   18  limits described in subsection (7) and conforming to the
   19  requirements of s. 324.151, issued by any insurance company
   20  authorized to do business in this state, including, but not
   21  limited to, a risk retention group operating in accordance with
   22  15 U.S.C. ss. 3901 et seq. which conducts business in this state
   23  pursuant to s. 627.943 or s. 627.944. The owner, registrant, or
   24  operator of a motor vehicle is exempt from providing such proof
   25  of financial responsibility if he or she is a member of the
   26  United States Armed Forces and is called to or on active duty
   27  outside this state or the United States, or if the owner of the
   28  vehicle is the dependent spouse of such active duty member and
   29  is also residing with the active duty member at the place of
   30  posting of such member, and the vehicle is primarily maintained
   31  at such place of posting. The exemption provided by this
   32  subsection applies only as long as the member of the armed
   33  forces is on such active duty outside this state or the United
   34  States and the owner complies with the security requirements of
   35  the state of posting or any possession or territory of the
   36  United States.
   37         Section 2. This act shall take effect July 1, 2024.
   38  
   39  ================= T I T L E  A M E N D M E N T ================
   40  And the title is amended as follows:
   41         Delete everything before the enacting clause
   42  and insert:
   43                        A bill to be entitled                      
   44         An act relating to risk retention groups; amending s.
   45         324.021, F.S.; revising the definition of the term
   46         “motor vehicle liability policy” to include policies
   47         of liability insurance issued by certain risk
   48         retention groups; providing an effective date.