Proof of Financial Responsibility

This is the 2025 edition of the code. There is not the current edition. Browse all editions.

This is Article 15 of the Code of Virginia, titled “Proof of Financial Responsibility.” It is part of Chapter 3 “Licensure of Drivers”, which is part of Subtitle II “Titling, Registration and Licensure”, which is part of Title 46.2 “Motor Vehicles”.

It’s comprised of the following 29 sections.

§ 46.2-435	Proof of financial responsibility to be furnished for each vehicle
§ 46.2-436	Methods of proving financial responsibility
§ 46.2-437	Proof of financial responsibility by owner in lieu of driver
§ 46.2-438	Proof by owner of vehicles operated under permit or certificate of State Corporation Commission or Department of Motor Vehicles
§ 46.2-439	Proof of financial responsibility in the future
§ 46.2-440	Certificate for nonresident may be by carrier not qualified in Commonwealth
§ 46.2-441	Nonresident may file proof of financial responsibility in the future from insurance company or other state-authorized entity providing insurance
§ 46.2-442	Default of foreign insurance carrier
§ 46.2-443	Chapter not applicable to certain policies of insurance
§ 46.2-444	Surety requirements of bond
§ 46.2-445	How bond to be conditioned
§ 46.2-446	Notice to Commissioner prerequisite to cancellation of bond; cancellation not to affect rights arising prior thereto
§ 46.2-447	Bond to constitute lien on real estate of surety
§ 46.2-448	Notice of cancellation; record; fees
§ 46.2-449	Cancellation of bond with individual sureties; certificates of cancellation
§ 46.2-450	Order discharging lien of bond
§ 46.2-451	Action or suit on bond
§ 46.2-452	Parties to suit on bond with individual sureties
§ 46.2-453	Proof of financial responsibility by delivering cash or securities
§ 46.2-454	Moneys or securities to be deposited with State Treasurer subject to execution
§ 46.2-455	Assessment for expense of holding deposits
§ 46.2-456	Additional security if fund impaired by any legal process, or otherwise
§ 46.2-457	Substitution of new proof; cancellation or return of old
§ 46.2-458	Interpleader to determine rights in deposits; other proceedings
§ 46.2-459	When other proof of financial responsibility required; suspension of license pending furnishing of proof required
§ 46.2-460	When Commissioner to consent to cancellation of bond or policy, or return of money or securities
§ 46.2-461	When Commissioner not to release proof of financial responsibility; affidavit of nonexistence of facts
§ 46.2-462	New license or registration to person to whom proof surrendered
§ 46.2-463	Penalty for forging evidence of financial responsibility