{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/5.1-88.8.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/5.1-88.8.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/5.1-88.8.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/5.1-88.8.html"}],"law_id":69070,"edition_id":1,"section_id":69070,"structure_id":16011,"section_number":"5.1-88.8","catch_line":"What constitutes proof of financial responsibility","history":"1995, cc. 682, 690.","full_text":"The following shall constitute proof of financial responsibility as required by \u00a7 5.1-88.7:\n\n1\n\nThe issuance, by an insurance company licensed to write such insurance in the Commonwealth, of a policy of bodily injury and property damage liability insurance or a policy or policies written pursuant to Chapter 48 (§ 38.2-4805.1 et seq.) of Title 38.2, which provide coverage with respect to each airport or landing area in the amount of one million dollars covering bodily injury and property damage liability in any one accident; or2\n\nThe delivery to the Department of one million dollars cash or in securities such as fiduciaries may invest in as provided by §§ 64.2-1502 through 64.2-1505. Such money or securities so delivered to the Department shall be placed by it in the custody of the State Treasurer and shall be subject to execution to satisfy any judgment within the limits on amounts required by this chapter for personal injury and property damage liability insurance.","order_by":null,"text":{"0":{"id":250022,"text":"The following shall constitute proof of financial responsibility as required by \u00a7 5.1-88.7:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":250023,"text":"The issuance, by an insurance company licensed to write such insurance in the Commonwealth, of a policy of bodily injury and property damage liability insurance or a policy or policies written pursuant to Chapter 48 (§ 38.2-4805.1 et seq.) of Title 38.2, which provide coverage with respect to each airport or landing area in the amount of one million dollars covering bodily injury and property damage liability in any one accident; or","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":250024,"text":"The delivery to the Department of one million dollars cash or in securities such as fiduciaries may invest in as provided by §§ 64.2-1502 through 64.2-1505. Such money or securities so delivered to the Department shall be placed by it in the custody of the State Treasurer and shall be subject to execution to satisfy any judgment within the limits on amounts required by this chapter for personal injury and property damage liability insurance.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1"}},"ancestry":[{"id":16011,"edition_id":1,"name":"Financial Responsibility of Owners of Airports and Landing Areas Required to Be Licensed","identifier":"8.2","label":"chapter","depth":2,"order_by":1,"parent_id":13105,"metadata":{},"date_created":"2026-06-26 04:03:48","date_modified":"2026-06-26 04:03:48","permalink":{"id":233947,"object_type":"structure","relational_id":16011,"identifier":"8.2","token":"5.1\/8.2","url":"\/5.1\/8.2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13105,"edition_id":1,"name":"Aviation","identifier":"5.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:17","date_modified":"2026-06-26 03:44:17","permalink":{"id":233299,"object_type":"structure","relational_id":13105,"identifier":"5.1","token":"5.1","url":"\/5.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":75716,"structure_id":16011,"section_number":"5.1-88.10","catch_line":"Cancellation of insurance","url":"\/5.1-88.10\/","token":"5.1\/8.2\/5.1-88.10","metadata":false},{"id":62637,"structure_id":16011,"section_number":"5.1-88.7","catch_line":"Proof of financial responsibility to be furnished for licensed airports or landing areas","url":"\/5.1-88.7\/","token":"5.1\/8.2\/5.1-88.7","metadata":false},{"id":69070,"structure_id":16011,"section_number":"5.1-88.8","catch_line":"What constitutes proof of financial responsibility","url":"\/5.1-88.8\/","token":"5.1\/8.2\/5.1-88.8","metadata":false},{"id":78986,"structure_id":16011,"section_number":"5.1-88.9","catch_line":"Certain sections of Code incorporated by reference; definitions","url":"\/5.1-88.9\/","token":"5.1\/8.2\/5.1-88.9","metadata":false}],"previous_section":{"id":62637,"structure_id":16011,"section_number":"5.1-88.7","catch_line":"Proof of financial responsibility to be furnished for licensed airports or landing areas","url":"\/5.1-88.7\/","token":"5.1\/8.2\/5.1-88.7","metadata":false},"next_section":{"id":78986,"structure_id":16011,"section_number":"5.1-88.9","catch_line":"Certain sections of Code incorporated by reference; definitions","url":"\/5.1-88.9\/","token":"5.1\/8.2\/5.1-88.9","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/5.1-88.8\/","history_text":"

This law was first created in 1995. The record of its establishment is cataloged in chapters 682<\/a> and 690<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":[{"id":54697,"section_number":"38.2-4805.1","catch_line":"Application of chapter","order_by":null,"url":"\/38.2-4805.1\/"},{"id":62637,"section_number":"5.1-88.7","catch_line":"Proof of financial responsibility to be furnished for licensed airports or landing areas","order_by":null,"url":"\/5.1-88.7\/"},{"id":55439,"section_number":"64.2-1502","catch_line":"In what securities fiduciaries may invest; definitions","order_by":null,"url":"\/64.2-1502\/"},{"id":60907,"section_number":"64.2-1505","catch_line":"Investments that cease to be eligible may be retained","order_by":null,"url":"\/64.2-1505\/"}],"permalink":{"id":233957,"object_type":"law","relational_id":69070,"identifier":"5.1-88.8","token":"5.1\/8.2\/5.1-88.8","url":"\/5.1-88.8\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/5.1-88.8\/","token":"5.1\/8.2\/5.1-88.8","dublin_core":{"Title":"What constitutes proof of financial responsibility","Type":"Text","Format":"text\/html","Identifier":"\u00a7 5.1-88.8","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The following shall constitute proof of financial responsibility as required by \u00a7 5.1-88.7<\/a>:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The issuance, by an insurance company licensed to write such insurance in the Commonwealth, of a policy of bodily injury and property damage liability insurance or a policy or policies written pursuant to Chapter 48 (§ 38.2-4805.1<\/a> et seq.) of Title 38.2, which provide coverage with respect to each airport<\/span> or landing area<\/span> in the amount of one million dollars covering bodily injury and property damage liability in any one accident; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The delivery to the Department<\/span> of one million dollars cash or in securities such as fiduciaries may invest in as provided by §§ 64.2-1502<\/a> through 64.2-1505<\/a>. Such money or securities so delivered to the Department<\/span> shall be placed by it in the custody<\/span> of the State Treasurer and shall be subject to execution to satisfy any judgment<\/span> within the limits on amounts required by this chapter for personal injury and property damage liability insurance. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nWHAT CONSTITUTES PROOF OF FINANCIAL RESPONSIBILITY (\u00a7 5.1-88.8)\n\nThe following shall constitute proof of financial responsibility as required by\n\u00a7 5.1-88.7:\n\n1. The issuance, by an insurance company licensed to write such insurance in the\nCommonwealth, of a policy of bodily injury and property damage liability\ninsurance or a policy or policies written pursuant to Chapter 48 (§\n38.2-4805.1 et seq.) of Title 38.2, which provide coverage with respect to each\nairport or landing area in the amount of one million dollars covering bodily\ninjury and property damage liability in any one accident; or\n\n2. The delivery to the Department of one million dollars cash or in securities\nsuch as fiduciaries may invest in as provided by §§ 64.2-1502 through\n64.2-1505. Such money or securities so delivered to the Department shall be\nplaced by it in the custody of the State Treasurer and shall be subject to\nexecution to satisfy any judgment within the limits on amounts required by this\nchapter for personal injury and property damage liability insurance.\n\nHISTORY: 1995, cc. 682, 690.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}