1. (1) Whenever proof of owner's or operator's security is required under this chapter, it may be provided by filing with the department any of the following:

   1. (a) a certificate of insurance under Section 41-12a-402 or 41-12a-403;
   2. (b) a copy of a surety bond under Section 41-12a-405;
   3. (c) a certificate of deposit of money or securities issued by the state treasurer under Section 41-12a-406; or
   4. (d) a certificate of self-funded coverage under Section 41-12a-407.
2. (2) Whenever the term "proof of financial responsibility" is used in this title, it shall be read as "proof of owner's or operator's security."

Amended by Chapter 203, 1991 General Session