THEODORE R. MCKELDIN, GOVERNOR 47

unless such operator or owner or both shall deposit security
in a sum which shall be sufficient in the judgment of the
Department to satisfy any judgment or judgments for
damages resulting from such accident as may be recovered
against such operator or owner, and unless such operator
or owner, or both, shall give proof of his continuing finan-
cial responsibility in the future; provided notice of such
suspension shall be sent by the Department to such operator
and owner not less than 10 days prior to the effective date
of such suspension and shall state the amount required as
security.

This section shall not apply:

1. To such operator or owner if such owner had in
effect at the time of such accident an automobile liability
policy with respect to the motor vehicle involved in such
accident;

2. To such operator, if not the owner of such motor
vehicle, if there was in effect at the time of such accident
an automobile liability policy or bond with respect to his
operation of motor vehicles not owned by him;

3. To such operator or owner if the liability of such
operator or owner for damages resulting from such ac-
cident is, in the judgment of the department, covered by
any other form of liability insurance policy or bond; or

No such policy or bond shall be effective under this sec-
tion unless issued by an insurance company or surety com-
pany authorized to do business in this State, except that
if such motor vehicle was not registered in this State, or
was a motor vehicle which was registered elsewhere than
in this State at the effective date of the policy or bond, or
the most recent renewal thereof, such policy or bond shall
not be effective under this section unless the insurance
company or surety company if not authorized to do busi-
ness in this State shall execute a power of attorney au-
thorizing the Department to accept service on its behalf of
notice or process in any action upon such policy or bond
arising out of such accident; provided, however, every such,
policy or bond is subject, if the accident has resulted in
bodily injury or death, to a limit exclusive of interest and
costs, of not less than $10,000. because of bodily injury to
or death of one person in any one accident and, subject to
said limit for one person, to a limit of not less than $20,000.
because of bodily injury to or death of two or more persons
in any one accident, and, if the accident has resulted in
injury to or destruction of property, to a limit of not less