                                 CODE OF VIRGINIA

POLICIES OR SURETY BONDS TO BE FILED WITH THE DEPARTMENT AND SECURITIES WITH
STATE TREASURER (§ 46.2-2054)

A. Each motor carrier shall keep on file with the Department proof of an
insurance policy or bond in accordance with this article. Record of the policy
or bond shall remain in the files of the Department six months after the
certificate, registration card, license plate, identification marker or permit
is canceled for any cause. If federal, state, or municipal bonds are deposited
with the State Treasurer in lieu of an insurance policy, the bonds shall remain
deposited until six months after the registration card, license plate,
certificate, permit or identification marker is canceled for any cause unless
otherwise ordered by the Department.

B. The Department may, without holding a hearing, suspend a permit or
certificate if the permittee or certificate holder fails to comply with the
requirements of this section.

HISTORY: 2001, c. 596.