Changes to Existing Law
HB1083 — modify the amounts required for proof of financial responsibility for the future for motor vehicles.
1 section modified+20-34
View:
§ 32-35-2
Amended+20-34
Section 32-35-2 — AMENDED
The term, proof of financial responsibility for the future, as used in this chapter, means proof of ability to respond in damages for liability, on account of accidents occurring after the effective date of the proof, arising out of the ownership, maintenance, or use of a vehicle of a type subject to registration under the laws of this state, in the amount of twenty-fivefollowing amounts: (1) Seventy-five thousand dollars because of bodily injury to or death of one person in any one accident; (2) Subject to the limit for one person, in the amount of fiftyseventy-five thousand dollars because of bodily injury to or death of two or more persons in any one accident; and (3) in the amount of twenty-fiveSeventy-five thousand dollars because of injury to or destruction of property of others in any one accident. Wherever used in this chapter, the terms, proof of financial responsibility, or, proof, are synonymous withhave the same meaning as given to the term, proof of financial responsibility for the future. 19