16435. (a) Proof of financial responsibility may be given by the deposit of thirty-five thousand dollars ($35,000), as provided in Section 16054.2. The department shall not accept a deposit where any judgment theretofore obtained against that person as a result of damages arising from the operation of any motor vehicle shall not have been paid in full.
(b) This section shall remain in effect until January 1, 2025, and as of that date is repealed.
(Amended by Stats. 2022, Ch. 717, Sec. 6. (SB 1107) Effective January 1, 2023. Repealed as of January 1, 2025, by its own provisions. See later operative version added by Sec. 7 of Stats. 2022, Ch. 717.)
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