LICENSES. 727

of insurance carriers organized and not existing under or by virtue of
the laws of this State are not accepted, the certificates of insurance carriers
of such State or Province shall, not be accepted under the provisions of
this sub-title.

The Commissioner shall be notified by the insurance carrier of the
cancellation or expiration of any motor vehicle liability policy certified
under the provisions of the sub-title at least ten (10) days before the
effective date of such cancellation or expiration and until such notice is
duly given, such policy shall continue in full force and effect.

Such proof may be the bond of a surety company, duly authorized to
transact business within the State, or a bond, with at least two (2) indi-
vidual sureties, each owning real estate within this State, which real estate
shall be schedules in the bond approved by a Judge of a court of record
which said bond shall be conditioned for the payment of the amounts
specified in Section 187A; and such bond shall be filed with the Com-
missioner and shall not be cancellable except after ten (10) days' written
notice to the Commissioner. Such bond shall constitute a lien in favor of
the State upon the real estate so scheduled of any surety, which lien shall
exist in favor of any holder of a final judgment against the person who
has filed such proof on account of damage to property in excess of fifty
dollars ($50. 00) or injury to, including death of a person or persons re-
sulting from the ownership, maintenance, use or operation hereafter of a
motor vehicle, upon the filing of notice to that effect by the Commissioner
in the office of the proper clerk or court of the county or city where such
real estate shall be located.

Such proof of ability to respond in damages may also be evidence pre-
sented to the Commissioner of a deposit by such person with the State
Treasurer or other proper fiscal officer of a sum of money or collateral in
form satisfactory to the Commissioner amounting to Eleven Thousand
Dollars ($11, 000. 00), and the said deposit shall be maintained in said
amounts subject to the provisions of Section 187-I of this Article. Sub-
ject to the approval of the Commissioner, the said State Treasurer or other
proper fiscal officer shall accept any such deposit and shall issue a receipt
therefor. The Commissioner shall approve such deposit by or on behalf
of any person except where a judgment theretofore recovered against such
person shall not have been paid in full.

Additional evidence of ability to respond in damages, as required by this
sub-title, shall be furnished the Commissioner at any time upon his
demand.

1931, ch. 498, sec. 187E.

187E. A bond, money or collateral filed or deposited by or on behalf
of any person under the provisions of the preceding section, shall be held
by the Commissioner or said Treasurer to satisfy, in accordance with the
provisions of this sub-title, any execution issued against such person on a
judgment for damages as aforesaid arising out of the ownership, main-
tenance, use or operation of a motor vehicle as aforesaid. Money or col-