                                 CODE OF VIRGINIA

POLICIES OR SURETY BONDS TO BE FILED WITH THE DEPARTMENT AND SECURITIES WITH
STATE TREASURER (§ 46.2-2144)

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 of fitness, registration card, license plate, 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, or
permit is canceled for any cause unless otherwise ordered by the Department.

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

HISTORY: 2001, c. 596; 2011, cc. 881, 889; 2017, cc. 790, 815.