Proof Of Financial Responsibility
This is Article 15 of the Code of Virginia, titled “Proof Of Financial Responsibility.” It is part of Title 46.2, titled “Motor Vehicles.” It is part of Subtitle II, titled “Titling, Registration And Licensure.” It is part of Chapter 3, titled “Licensure Of Drivers.” 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
- Certificate of insurance carrier
- § 46.2-440
- Certificate for nonresident may be by carrier not qualified in Commonwealth
- § 46.2-441
- Nonresident may file proof of future financial responsibility of 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