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Highlights of the New Personal Injury Protection (“PIP”) Statute Signed Into Law on May 04, 2012

May 15, 2012 Posted in Auto Accidents Tagged in legal Share

On May 04, 2012, Governor Rick Scott signed legislation that purportedly aims to reduce auto accident fraud, lower the cost of auto insurance premiums, and reduce the litigation costs associated with the current Personal Injury Protection (“PIP”) insurance statute. A portion of the revised statute goes into effect on July 01, 2012, with the remainder going into effect on January 01, 2013.

Despite the major impact that this revised statute can potentially have on an insured’s or medical provider’s ability to recover benefits under the PIP statute, in most cases an insurance company is NOT required to amend its policy or notify its insured before this new law applies (i.e., it will automatically apply). For this reason, we felt that it was imperative to, at a minimum, set forth the most significant changes that may impact insureds’ and/or medical providers’ rights when involved in an auto accident or when treating an auto accident victim. Below are some answers to FAQs that will help you understand the changes of the revised law and how it might impact your case. If your question is not answered below or you would like more information about your specific situation, please call the Weinstein Law Firm at (954) 757-7500.

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