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

Select your state