California Vehicle Code

§ 34631

VEH § 34631 Effective Jan 1, 2003Div. 14.85 · Ch. 3

Statute text

The proof of financial responsibility required under Section 34630 shall be evidenced by the deposit with the department, covering each vehicle used or to be used under the motor carrier permit applied for, of one of the following:

(a)A certificate of insurance, issued by a company licensed to write insurance in this state, or by a nonadmitted insurer subject to Section 1763 of the Insurance Code, if the policies represented by the certificate comply with Section 34630 and the rules promulgated by the department pursuant to Section 34604.

(b)A bond of a surety company licensed to write surety bonds in the state.

…

Legislative history

Amended by Stats. 2002, Ch. 758, Sec. 15. Effective January 1, 2003.