Alternate Forms of Financial Responsibility in ca?
Alternate Forms of Financial Responsibility in California?
If the financial responsibility is a cash deposit, surety bond, or self insurance, the
department will not have electronic insurance information on file and will notify the
owner of the requirement to submit paper evidence of financial responsibility. To
avoid suspension, the owner must respond to the notice by submitting evidence of
financial responsibility prior to the suspension date on the notice.
Types of Alternate Forms of Financial Responsibility in California:
- A DMV authorization letter for cash depositors
- A DMV authorization letter for self insurers.
- A surety bond (Form OL-25)
