Article 15 Proof of Financial Responsibility

This article is comprised of the following 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 Proof of financial responsibility in the future
  • §46.2-440 Certificate for nonresident may be by carrier not qualified in Commonwealth
  • §46.2-441 Nonresident may file proof of financial responsibility in the future from 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