The term "proof of financial responsibility" as used in this article shall mean: Proof of ability to respond in damages for liability, on account of accidents occurring subsequent to the effective date of said proof, arising out of the ownership, maintenance or use of a vehicle of a type subject to registration under the laws of this state, in the amount of Ten Thousand Dollars ($10,000.00) because of bodily injury to or death of one person in any one accident, and, subject to said limit for one person, in the amount of Twenty Thousand Dollars ($20,000.00) because of bodily injury to or death of two or more persons in any one accident, and in the amount of Ten Thousand Dollars ($10,000.00) because of injury to or destruction of property of others in any one accident. Wherever used in this title, the terms "proof of financial responsibility" or "proof" shall be synonymous.

Added by Laws 1961, HB 556, c. 10b, § 7-302, emerg. eff. July 28, 1961; Amended by Laws 1980, HB 1746, c. 235, § 3, eff. January 1, 1981; Amended by Laws 1994, HB 2413, c. 181, § 3, eff. September 1, 1994.