Final answer:
The specific penalty amount for a second conviction of failing to maintain PIP insurance in Florida was not provided, but the importance of paying insurance premiums is highlighted using an example that shows how pooled premiums cover the costs of accidents.
Step-by-step explanation:
The student is inquiring about the penalties related to failure to maintain Personal Injury Protection (PIP) insurance in the state of Florida. The question does not provide the specific fine amount for a second conviction of failing to maintain PIP insurance, but by using an example of automobile insurance, we can discuss the financial implications and the importance of maintaining proper insurance. If each of the 100 drivers pays a $1,860 premium each year, the insurance company will collect the $186,000 that is needed to cover the costs of the accidents that occur. This example underscores the necessity of having insurance not only to comply with legal requirements but also to ensure that the collective pooling of resources is available to cover damages from accidents.