Whenever the Department has taken any action or has failed to take any action under this chapter by reason of having received erroneous information or by reason of having received no information, then upon receiving correct information within one (1) year after the date of an accident the Department shall take appropriate action to carry out the purposes and effect of this chapter. The foregoing shall not, however, be deemed to require the Department to reevaluate the amount of any deposit required under this article.

Added by Laws 1961, HB 556, c. 10b, § 7-215, emerg. eff. July 28, 1961.