California Statutes

§ 16054.2. — 16054.2. (Amended by Stats. 2001, Ch. 739, Sec. 16.)

California·Code VEH Vehicle Code - VEH·Div. 7. DIVISION 7. FINANCIAL RESPONSIBILITY LAWS·Ch. 1. CHAPTER 1. Compulsory Financial Responsibility·Art. 3. ARTICLE 3. Evidence of Financial Responsibility

Evidence may also be established by any of the following:

(a)By depositing with the department cash in the amount specified in Section 16056.
(b)By providing documentation of a liability policy covering the operation of the vehicle that (A) is issued by a charitable risk pool operating under Section 5005.1 of the Corporations Code, if the registered owner of the vehicle is a nonprofit organization that is exempt from taxation under paragraph (3) of subsection (c) of Section 501 of the United States Internal Revenue Code and (B) the policy is subject, if the accident has resulted in bodily injury or death, to a limit, exclusive of interest and costs, of not less than fifteen thousand dollars ($15,000) because of bodily injury to or death of one person in any one accident and, subject to t

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California § 16054.2. (16054.2. (Amended by Stats. 2001, Ch. 739, Sec. 16.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by Stats. 2001, Ch. 739, Sec. 16. Effective January 1, 2002.

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