Tuesday, August 9, 2011

Happy (belated) 40th birthday, Florida PIP

Did you know?  Florida’s PIP law was first enacted just over 40 years ago.  On June 4, 1971, the Florida Legislature passed “The Florida Automobile Reparations Reform Act” or “no-fault law” as Section 627.736 of the Florida Statutes.  The no-fault law became effective January 1, 1972, so look forward to another birthday announcement in about five months.

The terms “no fault” and “PIP” are sometimes used interchangeably. “No-fault” refers to that aspect of the law under which the injured person is compensated by his or her own insurance company regardless of who is at fault or caused the accident.  “PIP” refers to the “personal injury protection” benefits that the no fault law requires to be included in certain Florida automobile insurance policies.

This summary was prepared by Perry Cone and posted at www.tallyinslaw.com/

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