J. MILLARD TAWES, Governor                     1463

ment 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.

(b)  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 accident is, in the judgment
of the Department, covered by any other form of liability insurance
policy or bond. [; or]

(c)  (1) 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 $15,000
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
$30,000 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.

(2) Immediately upon receipt of notice of such accident, the in-
surance 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] (d) This section shall also not apply to any person qualify-
ing as a self-insurer as follows:

[(a)] (1) 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)] (2) of this subsection or in the case of taxicabs
not operating under permit of the Public Service Commission, qualifi-
cation as a self-insurer may be made by any corporation, company,
association, partnership or person permitting his, their or its trade