Final answer:
The specific fine amount for failing to maintain PIP auto insurance in Florida is not provided in the question. The provided information relates to how automobile insurance premiums are calculated based on expected costs from accidents among a group of drivers.
Step-by-step explanation:
A driver will incur a fine upon the first suspension resulting from failing to maintain PIP auto insurance on a vehicle driven in the state of Florida. The question doesn't specify the amount of the fine; however, the student seems to be learning about the principles of insurance, specifically about how premiums are collected and used to cover costs.
A simplified example of automobile insurance is provided where a group of 100 drivers each pays a $1,860 premium annually. This allows the insurance company to collect a total of $186,000. This amount is needed to cover the various accidents that these drivers might incur, which can range from minor door dings costing $100 each to large accidents resulting in $15,000 worth of damages.
This insurance principle demonstrates how risk is pooled and how insurance premiums are calculated to cover the expected costs of damages within a population of policyholders over a given period.