The state plans to undertake a study that would determine what would happen if Florida’s no-fault auto insurance program is scrapped.
According to a request for proposals posted by the Office of Insurance Regulation, the study is expected to find “the potential impact to Floridians if the personal injury protection coverage requirements were repealed and replaced with varying levels of bodily injury coverage, or if the current requirements to purchase auto insurance were completely repealed.”
The no-fault system is commonly referred to as “PIP,” which is shorthand for personal-injury protection coverage.
