61-6-143. Self-insurers. (1) Any person in whose name more than 25 motor vehicles are registered may qualify as a self-insurer by obtaining a certificate of self-insurance issued by the department as provided in subsection (2) of this section.
(2) The department may, in its discretion, upon the application of such a person, issue a certificate of self-insurance when it is satisfied that such person is possessed and will continue to be possessed of ability to pay judgments obtained against such person.
(3) Upon not less than 5 days' notice and a hearing pursuant to such notice, the department may upon reasonable grounds cancel a certificate of self-insurance. Failure to pay any judgment within 30 days after such judgment shall have become final shall constitute a reasonable ground for the cancellation of a certificate of self-insurance.
History: En. Sec. 34, Ch. 204, L. 1951; R.C.M. 1947, 53-451; amd. Sec. 1, Ch. 503, L. 1985.
Structure Montana Code Annotated
Chapter 6. Responsibility of Vehicle Users and Owners
Part 1. Motor Vehicle Insurance Responsibility and Verification
61-6-103. Motor vehicle liability policy minimum limits -- other requirements
61-6-104. Uniformity of interpretation
61-6-105. Department to administer law and make rules
61-6-108. Matters not to be evidence in civil suits
61-6-110. Other relief not precluded
61-6-112. Surrender of license
61-6-113. through 61-6-120 reserved
61-6-121. Courts to report nonpayment of judgments
61-6-122. Suspension for nonpayment of judgments -- exceptions
61-6-124. Satisfaction of judgments
61-6-125. Installment payment of judgments -- default
61-6-126. through 61-6-130 reserved
61-6-131. When proof of financial responsibility required
61-6-132. Alternate methods of giving proof
61-6-133. Certificate of insurance as proof
61-6-134. Certificate furnished by nonresident as proof
61-6-135. Notice of cancellation or termination of certified policy
61-6-136. Other policies not affected
61-6-137. Bond as proof of responsibility
61-6-138. Money or securities as proof of responsibility
61-6-139. Owner permitted to give proof for others
61-6-140. Substitution of proof of responsibility
61-6-142. Duration of proof -- when money or securities may be canceled or returned
61-6-145. through 61-6-150 reserved
61-6-151. Violations -- penalties
61-6-152. through 61-6-156 reserved
61-6-157. Creation of online motor vehicle liability insurance verification system
61-6-158. Vehicle insurance verification and license plate operating account