ARTICLE 2. Financial Responsibility [11931. - 11940.]

Article 2 enacted by Stats. 1967, Ch. 15.

§§ 11931–11940 · 10 sections

• § 11931 As used in this article: (a) “Judgment” means a final judgment of any court of competent jurisdiction in this or any other state, or of the United States,…
• § 11932 For the purposes of this article: (a) A judgment is satisfied when twenty-five thousand dollars ($25,000) has been credited upon any judgment in excess of that…
• § 11933 The director shall suspend the license of any operator upon receiving a copy of a judgment and a certificate of facts relative to such judgment, upon a form…
• § 11934 The suspension shall remain in effect and no license shall be issued to the operator unless and until the judgment is satisfied, or the operator submits to the…
• § 11935 Proof of such financial responsibility may be made by furnishing security in an amount not less than twenty-five thousand dollars ($25,000). The security may…
• § 11936 If the security which is required by Section 11934 is diminished in amount by reason of any recovery against it, the security shall be replenished so that it…
• § 11937 Upon the expiration of 30 days after any judgment becomes final, which is not stayed or satisfied in any action which results in a judgment for damages, the…
• § 11938 Any person whose license has been suspended, is about to be suspended, or becomes subject to suspension pursuant to this article, may relieve himself from the…
• § 11939 The person that files the affidavit pursuant to Section 11938 shall also file the original policy of insurance or a certified copy of the policy, if available,…
• § 11940 If the director is satisfied from the papers which are filed pursuant to Sections 11938 and 11939 that the insurer was authorized to issue the policy of…