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Session Laws, 1943
Volume 584, Page 1883   View pdf image (33K)
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HERBERT R. O'CONOR, GOVERNOR. 1883

State in which the insured resides and otherwise conforming
to the provisions of this Article and the Department shall ac-
cept the same upon condition that said insurance carrier com-
plies with the following provisions of this section.

1. Said insurance carrier shall execute a power of attorney
authorizing the Department to accept service on its behalf of
notice or process in any action arising out of a motor vehicle
accident in this State.

2. Said insurance carrier shall duly adopt a resolution
which shall be binding upon it, declaring that its policies
shall be deemed to be varied to comply with the law of this
State relating to the terms of motor vehicle liability policies
issued herein.

3. Said insurance carrier shall also agree to accept as final
and binding any final judgment of any court of competent
jurisdiction in this State duly rendered in any action arising
out of a motor vehicle accident, when the time provided by
law for appealing such judgment shall have expired without
an appeal having been entered, or where such judgment has
been affirmed on appeal.

(b) If any foreign insurance carrier which has qualified to
furnish proof of financial responsibility as hereinbefore re-
quired defaults in any said undertakings or agreements, the
Department shall not thereafter accept any certificates of
said carrier, whether theretofore filed or thereafter tendered,
as proof of financial responsibility so long as such default
continues.

123. NOTICE REQUIRED BEFORE CANCELLATION OR ANNUL-
MENT. When any form of proof of financial responsibility
has been certified to the Department or the Public Service
Commission as the case may be, such proof shall not be can-
celled or annulled by any party in interest except upon not
less than thirty (30) days' notice to the Department or the
Public Service Commission as the case may be.

124. ARTICLE NOT TO AFFECT OTHER POLICIES, (a) This
Article shall not be held to apply to or affect policies of
automobile insurance against liability which may now or here-
after be required by any other law of this State, and such
policies, if endorsed to conform to the requirements of this
Article, shall be accepted as proof of financial responsibility
when required under this Article.

(b) This Article shall not be held to apply to or affect poli-
cies insuring solely the insured named in the policy against
liability resulting from the maintenance, operation, or use by

 

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Session Laws, 1943
Volume 584, Page 1883   View pdf image (33K)
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