§ 16435
85 words·~1 min read·
/ca/vehicle-code/16435A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Proof of financial responsibility may be given by the deposit of seventy-five thousand dollars ($75,000) as provided in Section 16054.2. The department shall not accept a deposit where any judgment theretofore obtained against that person as a result of damages arising from the operation of any motor vehicle shall not have been paid in full.
(b)The deposit requirement in subdivision
(a)shall be increased by fifty thousand dollars ($50,000) on January 1, 2035.
(c)This section shall become operative on January 1, 2025.