In the event that any person required to deposit security and file proof of financial responsibility under this chapter fails to deposit such security and file such proof of financial responsibility within ten (10) days after the Department has sent the notice as hereinbefore provided, the Department shall thereupon suspend:

1. 1. The license and all registrations of each driver in any manner involved in the accident;
2. 2. The license and all registrations of all vehicles owned by the owner on or after the effective date of the suspension order of each vehicle involved in such accident, and any other vehicles thereafter acquired and registered in the name of the owner thereof, of a type subject to registration under the laws of this state;
3. 3. If the driver is a nonresident, the privilege of operating a vehicle within this state;

4. 4. If such owner is a nonresident, the privilege of operating any vehicle owned by him on or after the effective date of the suspension order.

   Such suspensions shall be made in respect to persons required by the Department to deposit security who fail to deposit such security, except as otherwise provided under succeeding sections of this chapter.

Added by Laws 1961, HB 556, c. 10b, § 7-206, emerg. eff. July 28, 1961; Amended by Laws 1965, SB 77, c.187, § 3, emerg. eff. June 8, 1965.