Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
Proof of financial responsibility may be evidenced by the bond of a surety company duly authorized to transact business within this state, or a bond with at least two individual sureties each owning real estate within this state, and together having equities equal in value to at least twice the amount of such bond; the real estate shall be scheduled in the bond approved by a judge of a court of record and the bond shall be conditioned for payment of the amount specified in section 4509.62 of the Revised Code. Such bond shall be filed with the registrar and shall not be cancelable except after ten days written notice to the registrar of motor vehicles.
Structure Ohio Revised Code
Title 45 | Motor Vehicles-Aeronautics-Watercraft
Chapter 4509 | Financial Responsibility
Section 4509.01 | Financial Responsibility Definitions.
Section 4509.011 | Financial Responsibility of Minor Drivers.
Section 4509.02 | Judgment, State Definitions.
Section 4509.03 | Registrar of Motor Vehicles - Powers and Duties.
Section 4509.04 | Review of Registrar's Orders.
Section 4509.05 | Information Furnished by Registrar - Fee.
Section 4509.06 | Accident Report Alleging Uninsured Driver or Owner.
Section 4509.07 | Contents of Accident Report.
Section 4509.08 | Exception to Report Requirement.
Section 4509.10 | Use of Report.
Section 4509.101 | Operating of Motor Vehicle Without Proof of Financial Responsibility.
Section 4509.102 | Falsification.
Section 4509.103 | Insurer to Provide Financial Responsibility Identification Cards.
Section 4509.104 | Conspicuous Warning That Policy Does Not Meet Minimum Amounts.
Section 4509.11 | Application of Security Requirements.
Section 4509.12 | Security Deposit.
Section 4509.13 | Notice of Required Security Deposit.
Section 4509.14 | Reduction of Excessive Security - Return of Excess Deposit.
Section 4509.15 | Form and Amount of Security.
Section 4509.16 | Designation for Whom Security Deposit Made.
Section 4509.17 | License Suspension Upon Failure to Request Hearing or Deposit Security.
Section 4509.18 | License or Registration Denied Until Security Deposited.
Section 4509.19 | Exceptions to Security Deposit and Suspension.
Section 4509.20 | Requirements of Insurance or Bond Necessary to Excuse Deposit of Security.
Section 4509.21 | Release or Covenant Not to Sue - Minors.
Section 4509.22 | Adjudication of Nonliability.
Section 4509.23 | Payment of Judgment.
Section 4509.24 | Agreement by Parties - Effect of Breach.
Section 4509.26 | Termination of Suspension.
Section 4509.27 | Security Deposit Fund.
Section 4509.28 | Application of Security Deposit Funds.
Section 4509.29 | Return of Deposit.
Section 4509.291 | Cooperation With Other States.
Section 4509.30 | Accident Report and Findings of Registrar Prohibited at Trial.
Section 4509.33 | Suspension of Nonresidents' Operating Privilege and Registration.
Section 4509.34 | Suspension of License Withdrawn.
Section 4509.36 | Copies of Judgments Sent to Other States.
Section 4509.38 | Waiver by Judgment Creditor of Suspension Provision.
Section 4509.39 | No Suspension When Insurer Obligated.
Section 4509.40 | Suspension Continues Until Settlement of Judgment.
Section 4509.41 | Satisfaction of Judgments.
Section 4509.42 | Payment of Judgment in Installments.
Section 4509.44 | Proof of Financial Responsibility Required for Registration.
Section 4509.45 | Filing of Proof of Financial Responsibility.
Section 4509.46 | Certificate of Domestic Insurer as Proof.
Section 4509.47 | Proof of Financial Responsibility by Nonresident.
Section 4509.48 | Default by Insurance Carrier.
Section 4509.49 | Requirements for Motor-Vehicle Liability Policy.
Section 4509.50 | Requirements May Be Met by One or More Policies.
Section 4509.51 | Requirements for Owner's Liability Insurance.
Section 4509.52 | Requirements for Operator's Insurance.
Section 4509.53 | Provisions Incorporated Into Policy by Law.
Section 4509.54 | Permissible Exclusions of Liability Policies.
Section 4509.55 | Permissible Liability Provisions in Policy.
Section 4509.56 | Binder Fulfills Requirements.
Section 4509.57 | Notice Required to Terminate Insurance Certification.
Section 4509.58 | Policies Affected.
Section 4509.59 | Proof of Financial Responsibility Evidenced by Bond.
Section 4509.60 | Filing of Bond Constitutes Lien.
Section 4509.61 | Judgment Creditor May Bring Action Against Bond.
Section 4509.62 | Proof of Financial Responsibility Evidenced by Certificate of Treasurer of State.
Section 4509.63 | Security to Satisfy Certain Judgments.
Section 4509.64 | Proof of Financial Responsibility Given by Another.
Section 4509.65 | Substitution of Other Adequate Proof of Financial Responsibility.
Section 4509.66 | Suspension for Inadequate Proof of Financial Responsibility.
Section 4509.67 | Cancellation of Bond or Certificate - Waiver of Requirement of Filing Proof.
Section 4509.68 | Transfer of Registration Not Permitted - Exception.
Section 4509.69 | Registration and Plates to Be Returned to Registrar.
Section 4509.70 | Plan for Apportionment of Applicants for Insurance.
Section 4509.71 | Exemption of Certain Owners of Motor Vehicles.
Section 4509.72 | Requirements for Self-Insurer.
Section 4509.73 | Other Relief Not Prevented.
Section 4509.74 | Prohibition Against Failure to Report Accident.
Section 4509.77 | Prohibition Against Failure to Return License.
Section 4509.78 | General Prohibition.
Section 4509.79 | Liability Insurance for Motor Vehicles Used in Ridesharing Arrangement.