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Session Laws, 1943
Volume 584, Page 1873   View pdf image (33K)
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HERBERT R. O'CONOR, GOVERNOR. 1873

(3) When f 1, 000. 00 has been credited upon any judgment
•or judgments rendered in excess of that amount for damage to
property of others as a result of any one accident.

(b) Credit for such amounts shall be deemed a satisfaction
of any such judgment or judgments in excess of said amounts
only for the purpose of this Article.

(e) Whenever payment has been made in settlement of any
claims for bodily injury, death, or property damage arising
from a motor vehicle accident resulting in injury, death or
property damage to two or more persons in such accident, any
such payment shall be credited in reduction of the amounts
provided for in this section.

4. (a) The Department shall not suspend a license or regis-
tration of a motor vehicle and shall restore any license or
registration suspended because of nonpayment of a final
judgment when the judgment debtor gives proof of financial
responsibility in future and obtains an order from the trial
court in which such judgment was rendered, permitting the
payment of such judgment in installments and while the pay-
ment of any such installment is not in default.

(b) A judgment debtor upon five days' notice to the judg-
ment creditor may apply to the trial court in which the judg-
ment was obtained for the privilege of paying such judgment
in installments and the court in its discretion, and without
prejudice to any other legal remedies which the judgment
creditor may have, may so order, ^fixing the amounts and time
of payments of the installments.

(e) In the event the judgment debtor fails to pay any in-
stallment as permitted by the order of the court, then upon
notice of such default the Department shall forthwith suspend
the license and registration certificates and registration plates
of the judgment debtor until said judgment is satisfied as pro-
vided in this Article

111. METHODS OF ESTABLISHING PROOF OF FINANCIAL RESPON-
SIBILITY. Proof of financial responsibility, when required
under the provisions of this Article, may be established by any
of the methods hereunder set forth, namely:

1. By a policy or policies of insurance;

2. By a surety bond or bonds;

3. By deposit of money or securities;
. all as hereinafter provided.

 

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Session Laws, 1943
Volume 584, Page 1873   View pdf image (33K)
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