Florida House Insurance and Banking Subcommittee To Take Up Personal Injury Protection Repeal, Other Insurance-Related Bills Today at 12:30 p.m.
Mar 27, 2017
The Florida House of Representatives’ Insurance and Banking Subcommittee will meet for three hours at 12:30 p.m. (ET) today, March 27, 2017, to consider a slate of insurance-related legislation.
Among the bills to be heard is a Proposed Committee Substitute (“PCS”) for HB 1063 relating to Motor Vehicle Insurance by State Representative Erin Grall, which is rapidly gaining support and resulting momentum. PCS for HB 1063 would repeal portions of Florida’s Personal Injury Protection (“PIP”) Insurance statute that requires motor vehicle owners and operators to obtain and maintain PIP coverage.
To view the agenda, click here. To access the meeting materials, click here.
To read the complete text of PCS for 1063, click here. To read an analysis of the bill, click here.
In place of PIP, PCS for HB 1063 would require Bodily Injury (“BI”) coverage at the time of motor vehicle registration. The proposal would increase the minimum BI coverage limits to $25,000 in damages due to the bodily injury or death of any one person and $50,000 for bodily injury or death to two or more persons. The minimum property damage coverage limit would not be changed, but the minimum security limits for self-insurance of BI and property damage requirements would be increased. Motor vehicle policies issued on or after January 1, 2018, would be prohibited from including PIP coverage.
The bill retains portions of the law that govern administration of existing coverage and rights to allow PIP coverage and claims to run their course for coverage issued prior to January 1, 2018. It also provides for continued enforcement of suspensions, revocations, and anti-fraud measures for actions occurring under the PIP law.
Further, PCS for 1063 provides for the transition of motor vehicle insurance policies that were issued prior to January 1, 2018 from PIP requirements to BI requirements. Insurers would be required to provide their policyholders a notice describing the effect of the elimination of PIP and change to BI by September 1, 2017.
PCS for 1063 would require resident relatives to be included in coverage provided by motor vehicle liability policies. The bill limits coverage of motor vehicles that are not identified on the policy, if an individual insured by the policy has owned the vehicle, or the temporary vehicle was furnished for regular use for more than 30 consecutive days. It also changes the liability coverage of an uninsured/underinsured motorist insurer due to the elimination of the tort immunity provided by the current PIP law.
- To watch today’s Subcommittee meeting Webcast live, go to www.TheFloridaChannel.org (and click “Live Stream”) or click here to connect with the House/Senate video hyperlink page.
The following insurance-related bills also will be considered today (click on the hyperlinks to access complete bill information on each):
- CS/HB 361 relating to Bail Bonds by the Criminal Justice Subcommittee
- HB 617 relating to Insurance Administrators by State Representative Halsey Beshears
- HB 1009 relating to Public Records/Department of Financial Services/Insurance Fraud Information by State Representative Holly Raschein
- HB 1029 relating to Unfair Insurance Trade Practices by State Representative Clay Yarborough
- HB 1299 relating to Pre-insurance Inspection by State Representative Bobby Dubose
The following proposed committee substitute(s) are on the agenda as well:
- PCS for HB 911 relating to Insurance Adjusters by State Representative Sean Shaw
- PCS for HB 1007 relating to Insurer Anti-Fraud Efforts by State Representative Holly Raschein
- PCS for HB 1205 relating to Viatical Settlement Contracts by State Representative Cyndi Stevenson
- PCS for HB 1273 relating to Insurer Insolvency by State Representative J.W. Grant
Should you have any questions or comments, please contact Colodny Fass.
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