Section 31-47-5. – Acceptance of financial security deposits.

§ 31-47-5. Acceptance of financial security deposits. (a) All moneys or securities delivered to the assistant director as a financial security deposit shall be placed by the assistant director in the custody of the general treasurer. These assets shall be subject to execution to satisfy any judgment for damages for bodily injury or death, or […]

Section 31-47-6. – Release of financial security bonds or deposits.

§ 31-47-6. Release of financial security bonds or deposits. (a) The administrator of the division of motor vehicles, upon the surrender of the registration and number plates for a motor vehicle for which a financial security bond or deposit was accepted by the administrator of the division of motor vehicles, shall permit the cancellation of […]

Section 31-47-7. – Self-insurers.

§ 31-47-7. Self-insurers. The director of the department of business regulation, in his or her discretion, may upon the application of a person having registered in his or her name in this state more than twenty-five (25) motor vehicles, issue a certificate of self insurance when he or she is reasonably satisfied that the person […]

Section 31-47-8. – [Repealed.]

§ 31-47-8. [Repealed.] History of Section.P.L. 1991, ch. 167, § 1; P.L. 1998, ch. 229, § 1; P.L. 1998, ch. 440, § 1; repealed by P.L. 2021, ch. 398, § 2, effective July 14, 2021; repealed by P.L. 2021, ch. 399, § 2, effective July 14, 2021.

Section 31-47-8.1. – [Repealed.]

§ 31-47-8.1. [Repealed.] History of Section.P.L. 1993, ch. 378, § 1; P.L. 1999, ch. 83, § 75; P.L. 1999, ch. 130, § 75; P.L. 2008, ch. 98, § 29; P.L. 2008, ch. 145, § 29; repealed by P.L. 2021, ch. 398, § 2, effective July 14, 2021; repealed by P.L. 2021, ch. 399, § 2, […]

Section 31-47-9. – Penalties.

§ 31-47-9. Penalties. (a) Any owner of a motor vehicle registered or required to be registered in this state who shall knowingly operate the motor vehicle or knowingly permit it to be operated in this state without having in full force and effect the financial security required by the provisions of this chapter, and any […]

Section 31-47-9.1. – Penalties — Illegal evidence of financial security.

§ 31-47-9.1. Penalties — Illegal evidence of financial security. (a) No person shall knowingly make, sell or otherwise make available any invalid or counterfeit evidence of financial security as defined in this chapter. No person shall alter any invalid evidence of financial security to make it appear valid. (b) Any person convicted of a violation […]