Marvin Mandel, Governor                        1435

§ 7-4-02. Surrender of license and registration.

(a)    Any person whose license or registration is suspended
under any provision of this Article, or whose policy of insurance or
bond, when required under this Article, is canceled or termi-
nated, shall immediately return his license and registration to the
department. If any person fails to return to the department the
license or registration as provided herein, the department shall forth-
with direct any peace officer to secure possession thereof and to return
it to the department.

(b)    Any person willfully failing to return license or registra-
tion as required in subsection (a) of this section shall be guilty of a
misdemeanor.

§ 7-403. Forged proof.

Any person who forges, or, without authority, signs any evidence
of proof of financial responsibility for the future, or who files or
offers for filing any such evidence of proof knowing or having reason
to believe that it is forged or signed without authority, shall be guilty
of a felony.

Part V—Miscellaneous Provisions Relating
to Financial Responsibility

§ 7-501. Omitted.
§ 7-502. Omitted.

§ 7-503. Self-insurers.

(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
subsection (b), or in the case of taxicabs not operating under permit
of the Public Service Commission, qualification as a self-insurer may
be made by any corporation, company, association, partnership, or
person permitting his, their, or its trade name and/or identifying
design to be displayed on the vehicles, by obtaining a certificate of
self-insurance issued by the department as provided in subsection
(b).

(b)    The department, in its discretion, upon the application of
such a person, may issue a certificate of self-insurance when it is
satisfied that the person is possessed and will continue to be pos-
sessed of ability to pay judgments obtained against him; provided
that taxicabs not operating under permit of the Public Service Com-
mission must also comply with the provisions of subsection (g) of
section 7-331.

(c)     Upon not less than five days' notice and a hearing pursuant
to the notice, the department upon reasonable grounds may cancel
a certificate of self-insurance. Failure to pay any judgment within
thirty days after the judgment has become final constitutes a reason-
able ground for the cancellation of a certificate of self-insurance.