Statute · California Vehicle Code
Cal. Veh. Code § 16435 — Proof Requirements
Cal. Veh. Code § 16435
- Type
- Statute
- Source
- California Vehicle Code
- Jurisdiction
- California
- Date
- 2023-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) Proof of financial responsibility may be given by the deposit of seventy-five thousand dollars ($75,000) as provided in Section 16054.2. The department shall not accept a deposit where any judgment theretofore obtained against that person as a result of damages arising from the operation of…
Citator
Cal. Veh. Code § 16435 — Proof Requirements is in force in the current edition of the Code, and nothing recorded condemns it.
(a) Proof of financial responsibility may be given by the deposit of seventy-five thousand dollars ($75,000) as provided in Section 16054.2. The department shall not accept a deposit where any judgment theretofore obtained against that person as a result of damages arising from the operation of any motor vehicle shall not have been paid in full.
(b) The deposit requirement in subdivision (a) shall be increased by fifty thousand dollars ($50,000) on January 1, 2035.
(c) This section shall become operative on January 1, 2025.