Sentences with phrase «vehicle liability bond»

Those who choose not to insure their car or pay the motor vehicle liability bond or deposit of cash will have their license and registration suspended.

Motorcycle owners must purchase liability insurance or to obtain a Motor Vehicle Liability Bond or Certificate of Cash Bond, so they can legally operate their motorcycle, street - legal moped or scooter on Alabama state roads.

The only alternative to liability insurance is a motor vehicle liability bond or deposit of cash.

Instead of purchasing car insurance you can obtain a Motor Vehicle Liability Bond or a Certificate of Cash Bond in the minimum amount of $ 50,000.

You can also use a copy of your insurance policy, a copy of your certificate of cash bond, or your motor vehicle liability bond.

Not exact matches

In order to comply with these requirements, you must purchase an automobile limited liability insurance policy, put a cash deposit down with the DMV, have a certificate of insurance by the DMV for fleet insurace of 25 vehicles or more, or you must have a surety bond for at least $ 35,000 from an insurance company.

(a) Any insurance company may cancel any motor vehicle liability policy or bond, except such risks as may be assigned to it as provided in § 2905 of this title, for any reason it may deem proper.

For the purpose of this section, an «uninsured motor vehicle» shall be a motor vehicle as to which there is no bodily injury liability insurance and property damage liability insurance in at least the amounts specified in subsection (c) of G.S. 20 - 279.5, or there is that insurance but the insurance company writing the insurance denies coverage thereunder, or has become bankrupt, or there is no bond or deposit of money or securities as provided in G.S. 20 - 279.24 or 20 - 279.25 in lieu of the bodily injury and property damage liability insurance, or the owner of the motor vehicle has not qualified as a self - insurer under the provisions of G.S. 20 - 279.33, or a vehicle that is not subject to the provisions of the Motor Vehicle Safety and Financial Responsibility Act; but the term «uninsured motor vehicle» shall not ivehicle» shall be a motor vehicle as to which there is no bodily injury liability insurance and property damage liability insurance in at least the amounts specified in subsection (c) of G.S. 20 - 279.5, or there is that insurance but the insurance company writing the insurance denies coverage thereunder, or has become bankrupt, or there is no bond or deposit of money or securities as provided in G.S. 20 - 279.24 or 20 - 279.25 in lieu of the bodily injury and property damage liability insurance, or the owner of the motor vehicle has not qualified as a self - insurer under the provisions of G.S. 20 - 279.33, or a vehicle that is not subject to the provisions of the Motor Vehicle Safety and Financial Responsibility Act; but the term «uninsured motor vehicle» shall not ivehicle as to which there is no bodily injury liability insurance and property damage liability insurance in at least the amounts specified in subsection (c) of G.S. 20 - 279.5, or there is that insurance but the insurance company writing the insurance denies coverage thereunder, or has become bankrupt, or there is no bond or deposit of money or securities as provided in G.S. 20 - 279.24 or 20 - 279.25 in lieu of the bodily injury and property damage liability insurance, or the owner of the motor vehicle has not qualified as a self - insurer under the provisions of G.S. 20 - 279.33, or a vehicle that is not subject to the provisions of the Motor Vehicle Safety and Financial Responsibility Act; but the term «uninsured motor vehicle» shall not ivehicle has not qualified as a self - insurer under the provisions of G.S. 20 - 279.33, or a vehicle that is not subject to the provisions of the Motor Vehicle Safety and Financial Responsibility Act; but the term «uninsured motor vehicle» shall not ivehicle that is not subject to the provisions of the Motor Vehicle Safety and Financial Responsibility Act; but the term «uninsured motor vehicle» shall not iVehicle Safety and Financial Responsibility Act; but the term «uninsured motor vehicle» shall not ivehicle» shall not include:

An «uninsured motor vehicle,» as described in subdivision (3) of this subsection, includes an «underinsured highway vehicle,» which means a highway vehicle with respect to the ownership, maintenance, or use of which, the sum of the limits of liability under all bodily injury liability bonds and insurance policies applicable at the time of the accident is less than the applicable limits of underinsured motorist coverage for the vehicle involved in the accident and insured under the owner's policy.

For purposes of an underinsured motorist claim asserted by a person injured in an accident where more than one person is injured, a highway vehicle will also be an «underinsured highway vehicle» if the total amount actually paid to that person under all bodily injury liability bonds and insurance policies applicable at the time of the accident is less than the applicable limits of underinsured motorist coverage for the vehicle involved in the accident and insured under the owner's policy.

Acceptable methods of proving financial responsibility include a motor vehicle liability insurance policy, a Department of Motor Vehicles issued self insurance certificate, a cash deposit of $ 35,000 with the Department of Motor Vehicles, or a surety bond in the amount of $ 35,000 from an insurance company that is authorized to conduct business in the state of California.

Alternatively drivers can provide proof, by obtaining a surety bond of $ 35,000 or by purchasing a motor vehicle liability insurance policy.

This can be accomplished be either maintaining valid liability auto insurance or by obtaining a Motor Vehicle Bond or Certificate of Cash Bond in the amount of $ 50,000 or more.

In addition to these policies, any given business will need to assess additional coverage needs such as commercial vehicle insurance, construction bonds, premises liability and other specific policies.