{"data":{"id":"us-fl/fla.-stat.-324.031","jurisdiction":"us-fl","citation":"Fla. Stat. § 324.031","heading":"Manner of proving financial responsibility.","body":"The owner or operator of a taxicab, limousine, jitney, or any other for-hire passenger transportation vehicle may prove financial responsibility by providing satisfactory evidence of holding a motor vehicle liability policy as defined in s. 324.021(8) or s. 324.151, which policy is issued by an insurance carrier which is a member of the Florida Insurance Guaranty Association. The operator or owner of any other vehicle may prove his or her financial responsibility by:\n(1) Furnishing satisfactory evidence of holding a motor vehicle liability policy as defined in ss. 324.021(8) and 324.151;\n(2) Furnishing a certificate of self-insurance showing a deposit of cash in accordance with s. 324.161; or\n(3) Furnishing a certificate of self-insurance issued by the department in accordance with s. 324.171.\nAny person, including any firm, partnership, association, corporation, or other person, other than a natural person, electing to use the method of proof specified in subsection (2) shall furnish a certificate of deposit equal to the number of vehicles owned times $30,000, to a maximum of $120,000; in addition, any such person, other than a natural person, shall maintain insurance providing coverage in excess of limits of $10,000/20,000/10,000 or $30,000 combined single limits, and such excess insurance shall provide minimum limits of $125,000/250,000/50,000 or $300,000 combined single limits. These increased limits shall not affect the requirements for proving financial responsibility under s. 324.032(1).\nHistory.—s. 1, ch. 29963, 1955; ss. 13, 35, ch. 69-106; s. 3, ch. 85-320; s. 12, ch. 87-225; s. 1, ch. 92-29; s. 89, ch. 94-306; s. 945, ch. 95-148; s. 3, ch. 2002-282; s. 67, ch. 2013-160.","path":["CHAPTER 324 FINANCIAL RESPONSIBILITY"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0300-0399/0324/0324.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:03:17Z","sha256":"6910828a4990eb97d038da9c7c30f07693aaac6e2652bc3a7453a43edcbb7188","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-324.023","next":"us-fl/fla.-stat.-324.032"},"notice":"GroundRules: Original legal text. Not legal advice."}