SB 1036- Relating to Automobile Insurance
On Tuesday, February 16th, SB 1036, relating to Automobile Insurance, by Senator Jeff Brandes (R-St. Petersburg) was heard by the Senate Commerce and Tourism Committee and unanimously passed with 7 yeas and 0 nays. AIF stood in support of this bill.
SB 1036 makes updates to the auto market, lessening the burden on businesses. These updates include making a mandatory pre-inspection program for used cars optional, and including provisions for electronic payments of insurance premiums.
Unfortunately, an amendment to undo the removal an unnecessary government mandate—regarding mandatory pre-inspections of certain used vehicles—did pass. AIF will continue to work to support the re-inclusion of this language, which removes a cost driver that serves no public purpose.
SB 1036 will now go to the Senate Rules Committee.
AIF supports smart, targeted reforms that help keep the insurance markets up to date and with the times.