V C Section 4750.2 Financial Responsibility Verification Study
Financial Responsibility Verification Study
Repealed Sec. 193, Ch. 193, Stats. 2004. Effective January 1, 2005.
The repealed section read as follows: "(a) The department shall conduct a study of methods for verifying financial responsibility with respect to vehicles being registered or reregistered. The insurance industry, the insurance trade industry, and consumer groups shall be invited to participate in the study and to cooperate with the department in providing information necessary to the conduct of the study. Any information provided by an insurer for purposes of the study shall, except as provided in Section 4750.4, be kept confidential by the department.
(b) The department shall prepare and transmit to the Legislature, on or before April 1, 1992, an interim report which shall include, but not be limited to, all of the following:
(1) Alternatives for verifying financial responsibility, together with the cost of each alternative.
(2) Methods used by other states for similar verification, and the results of those methods.
(3) The recommended method of verification.
(4) An implementation plan to permit evaluation of the recommended method.
(c) The department shall prepare and transmit to the Legislature, on or before December 1, 1992, a final report containing the results of the evaluation and recommendations for implementation of a verification program."