Which agency administers the Financial Responsibility Law?

• A. The Department of Insurance
• B. The Department of Highway Safety and Motor Vehicles
• C. The Department of Revenue
• D. The Florida Highway Patrol

Answer: (B)

In Florida, the agency that administers the Financial Responsibility Law is the Department of Highway Safety and Motor Vehicles. This department oversees driver licensing, vehicle registration, and driving records, and it requires proof of financial responsibility (liability insurance) for vehicle operation, license renewals, and after accidents. It sits in charge of administering how proof of insurance is shown, maintained, and enforced, including suspending licenses or registrations if coverage is not maintained.

The Florida Highway Patrol is the enforcement arm within that department, but the administrative authority lies with the department itself, not just the patrol. The Department of Insurance regulates insurance companies and policy forms, not the execution of the financial responsibility requirements for individual motorists. The Department of Revenue handles taxes, which is outside the scope of financial responsibility for vehicle operation.