TECHNICAL ADVISORY

DIVISION OF MOTOR VEHICLES

_______________________________________________________________________________________

 

To: Tax Collectors and License Plate Agents

From: Carl A. Ford, Director

Subject: Taxicab Liability Insurance Requirement

Advisory Date 07/28/06 Implementation Date 10/01/06

Advisory Number: R06-11

 

 

As a result of the passage of House Bill 7079, the following changes/amendments will be effective October 1, 2006:

 

Section 324.032, Florida Statutes, states that any person who is either the owner or lessee is required to maintain insurance under s. 627.733 (1)(b) and who operates one or more taxicabs may prove financial responsibility by furnishing satisfactory evidence of holding a motor vehicle liability policy with minimum limits of $125,000/$250,000/$50,000.

 

The coverage limits for vehicles registered as taxicabs must be provided prior to transferring, renewing or extending the registration period of the vehicle. Acceptable proofs of coverage are:

 

        A declaration page of a policy issued by a carrier with an effective date showing the limits.

 

OR

 

        A letter on letterhead from the agent or carrier indicating the coverage limits and an effective date.

 

In an effort to notify owners and lessees of the new requirements in advance of the effective date, notifications were sent to all owners of record with vehicles branded as taxi. However, if the vehicle is no longer being used as a taxi and our records reflect a vehicle use other than taxi, the owner may disregard the notification. If the vehicle is no longer used as a taxi and our records reflect a vehicle use of taxi, the title record should be corrected to reflect a vehicle use other than taxi.

 

If the owner(s) of record has sold the vehicle, they should complete and submit Form HSMV 82050, Notice of Sale and/or Bill of Sale for a Motor Vehicle, Mobile Home, Off Highway Vehicle or Vessel.

 

If you have any questions or need further assistance, please contact your Tax Collector Help Desk Representative.

 

 

 

CAF/ddh