312                             LAWS OF MARYLAND                      [CH. 112

by him, unless such operator or owner or both shall deposit security
in a sum which shall be sufficient in the judgment of the Depart-
ment 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, has previously
given or shall immediately give and thereafter maintain, for a
period of three (3) years, proof of financial responsibility; 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 lia-
bility policy or bond with respect to his operation of motor ve-
hicles not owned by him;

(3)   To such operator or owner if the liability of such operator or
owner for damages resulting from such accident 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 section unless
issued by an insurance company or surety company 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 business in this State shall
execute a power of attorney authorizing 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
than $5,000 because of injury to or destruction of property of others
in any one accident.

Immediately upon receipt of notice of such accident, the insurance
company or surety company which issued such policy or bond shall
file with the Department a written notice that such policy or bond
was in effect at the time of such accident.

(4)   To any person qualifying as a self-insurer as follows:

(a) Any person in whose name more than twenty-five motor
vehicles are registered may qualify as a self-insurer by obtaining a
certificate of self-insurance issued by the Department as provided
in paragraph (b) of this subsection.