Methods of proving financial responsibility
Known as the Motor Vehicle Financial Responsibility Act
The act spans §§ 56–56 (51 sections).
Applied in 2 court decisions — leading case Rakestraw v. South Carolina Department of Highways & Public Transportation (1996)
Most recently applied in Rakestraw v. South Carolina Department of Highways & Public Transportation (July 1996)
1962 Code SECTION 46-747; 1952 (47) 1853.
Proof of financial responsibility when required under this chapter may be given by filing:
(1) A certificate of insurance as provided in Section 56-9-550 or Section 56-9-560;
(2) A bond as provided in Section 56-9-570; or
(3) A certificate of deposit of money or securities as provided in Section 56-9-580.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.