The term "proof of financial responsibility" as used in this title shall mean proof of ability to respond in damages for liability, on account of collisions occurring subsequent to the effective date of the 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 at least Twenty-five Thousand Dollars ($25,000.00) because of bodily injury to or death of one person in any one collision, and, subject to the limit for one person, in the amount of at least Fifty Thousand Dollars ($50,000.00) because of bodily injury to or death of two or more persons in any one collision, and in the amount of at least Twenty-five Thousand Dollars ($25,000.00) because of injury to or destruction of property of others in any one collision. 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; Amended by Laws 2005, HB 1993, c. 394, § 4, emerg. eff. June 6, 2005 (superseded document available).