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Session Laws, 1970
Volume 695, Page 1421   View pdf image
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Marvin Mandel, Governor                        1421

(2) For the payment of a judgment or assigned judgment or
judgments or assigned judgments, rendered against the person re-
quired to make the deposit, for damages arising out of the accident in
an action at law begun not later than one year after the date of the
accident, or within one year after the date of deposit of any security
following failure to make payments under an agreement to pay.

(b) Every distribution of funds from the security deposits shall
be subject to the limits of the department's evaluation on behalf of
a claimant.

§ 7-218. Return of deposit.

(a)    Upon the expiration of one year from the date of the ac-
cident, any security remaining on deposit with respect to such
accident shall be returned to the person who made the deposit or to
his personal representative if an affidavit or other evidence satis-
factory to the department has been filed with it:

(1)    That no action for damages arising out of the accident for
which deposit was made is pending against any person on whose
behalf the deposit was made, and

(2)    That there does not exist any unpaid judgment rendered
against any person in an action.

(b)    Security shall not be returned under subsection (a) if the
department has satisfactory evidence that there is an action pending
or that judgment rendered in the action remains unpaid, or when
there is filed with the Unsatisfied Claim and Judgment Fund Board
a notice of intention under Section 154 hereof, in which case, the
filing of the notice shall constitute a lien against the amount de-
posited in favor of the board.

(c)    The foregoing provisions of this section shall not be con-
strued to limit the return of any deposit of security under any other
provision of this subtitle authorizing return.

§ 7-219. Omitted.

Part IIIProof of Financial Responsibility
for the Future

§ 7-801. Application of part III.

The provisions of this subtitle requiring the deposit of proof of
financial responsibility for the future, subject to certain exemptions,
apply with respect to persons who have been convicted of or for-
feited bail for certain offenses under motor-vehicle laws or who have
failed to pay judgments upon causes of action arising out of owner-
ship, maintenance or use of vehicles of a type subject to registration
under the laws of this State.

§ 7-302. Meaning of "proof of financial responsibility for the
future".

(a) The term "proof of financial responsibility for the future"
as used in this Article means proof of financial ability to respond in
damages, in the amounts hereunder set forth, for any legal liability
caused by accidents resulting from the ownership, operation, main-
tenance, or use of a motor vehicle in an amount not less than
$15,000.00 for damages, including damages for care and loss of serv-
ices, because of bodily injury, including death at any time resulting


 

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Session Laws, 1970
Volume 695, Page 1421   View pdf image
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