California Vehicle Code

§ 16435

VEH § 16435 Effective Jan 1, 2023Div. 7 · Ch. 3 · Art. 1

Statute text

(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.

Legislative history

Repealed (in Sec. 6) and added by Stats. 2022, Ch. 717, Sec. 7. (SB 1107) Effective January 1, 2023. Operative January 1, 2025, by its own provisions.