Michigan Compiled Laws 300-1949-v-proof-of-financial-re Proof Of Financial Responsibility For The Future (257.511...257.528)

• Section 257.511 Nonpayment Of Judgment; Certification To Secretary Of State; Nonresidents.
  (1) If a person fails within 30 days to satisfy a judgment, the clerk of the court, or of the judge of a court...
• Section 257.512 Nonpayment Of Judgment; Suspension Of Registration And Nonresident's Operating Privilege.
  The secretary of state upon receipt of a certified abstract of court record of a judgment rendered in this state or any other state...
• Section 257.512a Nonpayment Of Judgment; Finding As To Insurer, Effect.
  No license, registration or nonresident's operating privilege of any person shall be suspended under the provisions of this chapter if the secretary of state...
• Section 257.513 Duration Of Suspension Of License, Registration, And Nonresident's Operating Privilege; Satisfaction Of Judgment.
  (a) The license, registration and nonresident's operating privilege shall remain so suspended and shall not be renewed, nor shall any license or registration be...
• Section 257.514 When Judgments Deemed Satisfied.
  Judgments herein referred to shall, for the purpose of this chapter only, be deemed satisfied: 1. When $20,000.00 is credited upon any judgment or...
• Section 257.515 Installment Payment Of Judgment; Default.
  (a) A judgment debtor upon due notice to the judgment creditor may apply to the court in which such judgment was rendered for the...
• Section 257.515a Restoration Of License Or Registration After Nonpayment Of Installment; Limitation.
  The secretary of state shall not restore a license, registration or nonresident's operating privilege of any person more than twice within a 2-year period...
• Section 257.516 Repealed. 1976, Act 101, Imd. Eff. Apr. 27, 1976.
  Compiler's Notes: The repealed section pertained to suspension of license and registration.
• Section 257.517 Proof Of Financial Responsibility; Alternative Methods.
  Proof of financial responsibility when required under this chapter may be given by filing: 1. A certificate of insurance as provided in section 518...
• Section 257.518 Proof Of Financial Responsibility; Certificate Of Insurance.
  (a) Proof of financial responsibility may be furnished by filing with the secretary of state the written certificate of any insurance carrier duly authorized...
• Section 257.518a Commercial Quadricycle; Liability Insurance; Minimum Limit.
  The owner of a commercial quadricycle shall furnish bodily injury and property damage liability insurance with a minimum combined single limit of $2,000,000.00 for...
• Section 257.519 Proof Of Financial Responsibility; Nonresident, Compliance Of Insurance Carrier.
  (a) The nonresident owner of a motor vehicle not registered in this state may give proof of financial responsibility by filing with the secretary...
• Section 257.520 Motor Vehicle Liability Policy; Definition; Contents; Coverage; Limits; Conditions; Excess Or Additional Coverage; Reimbursement; Proration; Binder Or Indorsement.
  (a) A “motor vehicle liability policy” as used in this chapter, shall mean an owner's or an operator's policy of liability insurance, certified as...
• Section 257.521 Motor Vehicle Liability Policy; Notice Of Termination.
  When an insurance carrier has certified a motor-vehicle liability policy under section 518 or section 519, the insurance so certified shall not be cancelled...
• Section 257.522 Automobile Insurance Policies Unaffected By Chapter.
  (a) This chapter shall not be held to apply to or affect policies of automobile insurance against liability which may now or hereafter be...
• Section 257.523 Bond As Proof Of Financial Responsibility; Satisfaction Of Judgment.
  (a) The bond of a surety company, duly authorized to transact business within the state, or a bond, with at least 2 individual sureties,...
• Section 257.524 Money Or Securities As Proof.
  (a) The certificate of the state treasurer that the person named therein has deposited with him a sum of money or securities for money...
• Section 257.525 Owners' Proof For Others.
  Whenever any person required to give proof of financial responsibility hereunder is or later becomes an operator in the employ of any owner, or...
• Section 257.526 Substitution Of Proof.
  The secretary of state shall consent to the cancellation of any bond or certificate of insurance or the secretary of state shall direct and...
• Section 257.527 Other Proof Required.
  Whenever any proof of financial responsibility filed under the provisions of this chapter no longer fulfills the purposes for which required, the secretary of...
• Section 257.528 Cancellation Of Bond Or Certificate Of Insurance, Returning Money Or Securities Deposited As Proof Of Financial Responsibility, Or Waiving Requirement Of Filing Proof; Conditions; Certification; Refusal Of Application By Person Whose Proof Is Cancelled Or Returned; Reestablishment Of Proof.
  (1) The secretary of state shall upon request consent to the immediate cancellation of a bond or certificate of insurance, or the secretary of...

Last modified: October 10, 2016