16430-16436

VEHICLE CODE
SECTION 16430-16436




16430.  Proof of financial responsibility when required by this code
means proof of financial responsibility resulting from the ownership
or operation of a motor vehicle and arising by reason of personal
injury to, or death of, any one person, of at least fifteen thousand
dollars ($15,000), and, subject to the limit of fifteen thousand
dollars ($15,000) for each person injured or killed, of at least
thirty thousand dollars ($30,000) for the injury to, or the death of,
two or more persons in any one accident, and for damages to property
(in excess of seven hundred fifty dollars ($750)), of at least five
thousand dollars ($5,000) resulting from any one accident. Proof of
financial responsibility may be given in any manner authorized in
this chapter.



16431.  (a) Proof of financial responsibility may be given by the
written certificate or certificates of any insurance carrier duly
authorized to do business within the state, that it has issued to or
for the benefit of the person named therein a motor vehicle liability
policy as defined in Section 16450, an automobile liability policy
as defined in Section 16054, or any other liability policy issued for
vehicles with less than four wheels that meets the requirements of
Section 16056, which, at the date of the certificate or certificates,
is in full force and effect. Except as provided in subdivision (b),
the certificate or certificates issued under any liability policy set
forth in this section shall be accepted by the department and
satisfy the requirements of proof of financial responsibility of this
chapter. Nothing in this chapter requires that an insurance carrier
certify that there is coverage broader than that provided by the
actual policy issued by the carrier.
   (b) The department shall require that a person whose driver's
license has been revoked, suspended, or restricted under Section
13350, 13351, 13352, 13353, 13353.2, 13353.3, 13353.7, or 16370,
provide, as proof of financial responsibility, a certificate or
certificates that covers all motor vehicles registered to the person
before reinstatement of his or her driver's license.
   (c) Subdivision (b) does not apply to vehicles in storage if the
current license plates and registration cards are surrendered to the
department in Sacramento.
   (d) (1) A resident of another state may provide proof of financial
responsibility when required to do so under this code from a company
authorized to do business in that person's state of residence, if
that proof is satisfactory to the department, covers the operation of
a vehicle in this state, and meets the minimum coverage limit
requirements specified in Section 16056.
   (2) If the person specified in paragraph (1) becomes a resident of
this state during the period that the person is required to maintain
proof of financial responsibility with the department, the
department may not issue or return a driver's license to that person
until the person files a written certificate or certificates, as
authorized under subdivision (a), that meets the minimum coverage
limit requirements specified in Section 16056 and covers the period
during which the person is required to maintain proof of financial
responsibility.
   (e) This section shall become operative on September 20, 2005.



16433.  A certificate or certificates shall certify, if the
liability policy therein cited has been canceled, that the department
shall be notified in writing within 10 days after the cancellation
of insurance becomes final.
   Nothing in this section extends coverage beyond the date stated in
the notice of cancellation.



16434.  Proof of financial responsibility may be given by a bond.
The bond shall be conditioned for the payment of the amount specified
in Section 16430, and shall provide for the entry of judgment on
motion of the state in favor of any holder of any final judgment on
account of damages to property over seven hundred fifty dollars
($750) in amount, or injury to any person caused by the operation of
the person's motor vehicle.



16435.  Proof of financial responsibility may be given by the
deposit of thirty-five thousand dollars ($35,000), as provided in
Section 16054.2. The department shall not accept a deposit where any
judgment theretofore obtained against that person as a result of
damages arising from the operation of any motor vehicle shall not
have been paid in full.



16436.  Proof of financial responsibility may be given by the
written certificate of a self-insurer holding a certificate of
self-insurance for bodily injury and property damage issued by the
department.
   The certification shall name the employee in whose behalf it is
filed and shall bind the self-insurer in a like manner and to the
same amounts as provided for in Section 16430 for damages arising
from the operation of a motor vehicle by the employee within the
scope of his or her employment by the self-insurer. In that case, the
department shall restrict any driver's license issued to the
employee to the operation of motor vehicles owned by the self-insurer
within the scope of his or her employment by the self-insurer.
   The certificate shall be canceled upon 10 days' prior written
notice to the department by the self-insurer.