§ 46.2-460 When Commissioner to consent to cancellation of bond or policy, or return of money or securities
The Commissioner, on request and subject to the provisions of § 46.2-461, shall consent to the cancellation of any bond or insurance policy or to the return to the person entitled thereto of any money or securities deposited pursuant to this chapter as proof of financial responsibility or he shall not require proof of financial responsibility in the event:
1. Of the death of the person on whose behalf the proof was filed;
2. Of his permanent incapacity to operate a motor vehicle; or
3. That the person who has given proof of financial responsibility surrenders his driver’s license, and all of his registration cards, and license plates to the Commissioner.
History
The record of this law’s original creation isn’t available online. It has been modified 3 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 1958, chapter 541; in 1984, chapter 780; in 1989, chapter 727.
Code 1950, § 46-480; 1958, c. 541, § 46.1-491; 1984, c. 780; 1989, c. 727.