§ 31-47-6. Release of financial security bonds or deposits.
(a) The administrator of the division of motor vehicles, upon the surrender of the registration and number plates for a motor vehicle for which a financial security bond or deposit was accepted by the administrator of the division of motor vehicles, shall permit the cancellation of any bond or shall direct that any deposit be returned by the general treasurer. The administrator of the division of motor vehicles shall not release the bond or deposit in the event any action for damages upon a liability referred to in this chapter is then pending, or any judgment upon any liability then outstanding and unsatisfied, or in the event the administrator of the division of motor vehicles has received notice that the person has within the period of three (3) months immediately preceding been involved as a driver in any motor vehicle accident. An affidavit of the applicant of nonexistence of those facts shall be sufficient evidence of it in the absence of evidence to the contrary in the records of the division of motor vehicles.
(b) The administrator of the division of motor vehicles, subject to any reasonable regulations that he or she may establish, shall permit the form of financial security acceptable under this chapter to be substituted for another form of financial security which may already have been accepted by the assistant director as complies with the provisions of this chapter.
History of Section.P.L. 1991, ch. 167, § 1.
Structure Rhode Island General Laws
Title 31 - Motor and Other Vehicles
Chapter 31-47 - Motor Vehicle Reparations Act
Section 31-47-1. - Short title and declaration of purpose.
Section 31-47-1.1. - Legislative findings and intent.
Section 31-47-1.2. - Subpoena.
Section 31-47-2. - Definitions.
Section 31-47-3. - Regulations authorized — Access to court and agency records.
Section 31-47-3.1. - Registration application.
Section 31-47-4. - Notice of termination.
Section 31-47-5. - Acceptance of financial security deposits.
Section 31-47-6. - Release of financial security bonds or deposits.
Section 31-47-7. - Self-insurers.
Section 31-47-8. - [Repealed.]
Section 31-47-8.1. - [Repealed.]
Section 31-47-9.1. - Penalties — Illegal evidence of financial security.
Section 31-47-10. - [Repealed.]
Section 31-47-11. - Reinstatement of suspended license or registration.
Section 31-47-12.1. - Right to choose auto body repair facility.
Section 31-47-13. - Insurers and sureties.
Section 31-47-14. - Notice to other jurisdictions.
Section 31-47-15. - Exceptions.
Section 31-47-15.1. - Exception for seasonal vehicles.
Section 31-47-15.2. - Exception — Vehicles owned by active duty military personnel.
Section 31-47-16. - Assigned risk plans.
Section 31-47-17. - Insurance companies.