No. CS/HB 961
Filed under Transportation.
Salvage Certificates of Title and Certificates of Destruction; Requires insurance companies or their authorized agents to implement control processes & procedures to ensure adequate identity verification of electronic signatures.
Plain English Summary
AI-GENERATEDThe bill removes the requirement for insurance companies to use a specific federal security standard for electronic signatures on salvage titles and certificates of destruction.
It replaces that fixed standard with a requirement to implement control processes and procedures that are acceptable to the Florida Department of Highway Safety and Motor Vehicles.
This shifts the definition of adequate identity verification from a static federal benchmark to a standard determined by the state agency.
The change applies specifically to electronic signatures on odometer disclosures submitted through insurance companies.
AIReplaces a specific federal technical standard with a vague, department-approved standard.
AILimits the new identity verification requirements to odometer disclosures submitted through insurance companies.
AISets the date when the new identity verification requirements take effect.