Which of the following are alternatives to liability insurance coverage under California’s Compulsory Financial Responsibility Law?

Correct answer

  • A deposit of $35,000 with the DMV
  • A surety bond of $35,000
  • Both of the above

Explanation

If you choose not to maintain insurance on your vehicle, the Compulsory Financial Responsibility Law also allows you to deposit $35,000 with the DMV, obtain a $35,000 surety bond from a company licensed to do business in California, or obtain a self-insurance certificate from the DMV.

Prepare and pass your Permit Test

Search all Question & Answers

Related questions

An approaching emergency vehicle is using its siren. You must
Smoking inside a vehicle with a person younger than 18 years of age is
If a driver who holds a beginner’s permit, conditional license, or special restricted license accumulates six or more points, his or her driving privileges will be suspended for
If you miss your exit in a roundabout, what should you do?
When driving past a vehicle that has just stopped in a parked position on the side of the road, you should
You are driving on a road with two or more lanes traveling in the same direction. You should
If you are convicted of leaving the scene of an accident in which someone was injured or killed, your driver license will be revoked for at least
Your ability to judge speed, time and distance is altered after only one drink of alcohol.
When is it legal to have an open container of alcohol in a motor vehicle passenger area?
You may not parallel park within ____ of a fire hydrant.

Select your state