(a) No vehicle shall be, or continue to be, registered in the name of any person required to file proof of financial responsibility for the future unless proof is furnished for the vehicle.
(b) Proof of financial responsibility when required under this chapter, with respect to the vehicle or with respect to a person who is not the owner of the vehicle, may be given by filing:
(1) A certificate of insurance as provided in § 27-19-712; or
(2) A certificate of self-insurance, as provided in § 27-19-107, supplemented by an agreement by the self-insurer that, with respect to accidents occurring while the certificate is in force, he or she will pay the same amounts that an insurer would have been obliged to pay under an owner's motor vehicle liability policy if it had issued such a policy to the self-insurer.
Structure Arkansas Code
Subtitle 2 - Motor Vehicle Registration and Licensing
Chapter 19 - Motor Vehicle Safety Responsibility Act
Subchapter 7 - Proof of Future Financial Responsibility
§ 27-19-703. Suspension or revocation of license for conviction or bail forfeiture — Exceptions
§ 27-19-704. Action as to unlicensed person
§ 27-19-705. Action as to nonresidents
§ 27-19-706. Courts to report nonpayment of judgments
§ 27-19-707. Suspension for nonpayment of judgments — Exceptions
§ 27-19-708. Effect of discharge in bankruptcy
§ 27-19-709. Payments sufficient to satisfy judgments
§ 27-19-710. Payment in installments
§ 27-19-711. Proof to be furnished for each vehicle
§ 27-19-712. Certificate of insurance as proof
§ 27-19-713. Motor vehicle liability policy