Motor Vehicle Financial Responsibility Act

What this document is

South Carolina Code of Laws Title 56, Chapter 9 - Motor Vehicle Financial Responsibility Act (complete: Secs. 56-9-10 through 56-9-630) is a state statute published by South Carolina Legislature (scstatehouse.gov). It is one of the South Carolina documents that insurance license exam questions are written from, including south carolina property & casualty, south carolina personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• S.C. Code Ann. § 56-9-351 (Deposit of security by owner following accident; suspension of license, registrations, and notice)

  “Within sixty days of receipt of a report of a motor vehicle accident within this State which has resulted in bodily injury or death or damage to the property of any one person in the amount of two hundred dollars or more, the Department of Motor Vehicles shall suspend the license of each operator...”

• S.C. Code Ann. § 56-9-350 (Verification of insurance coverage form to be issued following certain accidents; effect of failure to return form; uninvestigated accidents)

  “The operator or owner of a motor vehicle involved in an accident resulting in property damage of four hundred dollars or more, or in bodily injury or death, must be furnished a written request form at the time of the accident, or as soon after the accident as possible, by the investigating officer...”

• S.C. Code Ann. § 56-9-352 (Exceptions)

  “Section 56-9-351 shall not apply to any of the following: (1) The operator or owner if the owner had in effect at the time of the accident an automobile liability policy with respect to the motor vehicle involved in the accident; (2) The operator, if not the owner of the motor vehicle, if there was...”

• S.C. Code Ann. § 56-9-354(2) (Conditions for renewal of suspended license, registration, and operating privilege)

  “Two years shall have elapsed following the date of the accident and evidence satisfactory to the Department of Motor Vehicles has been filed with it that during that period no action for damages arising out of the accident has been instituted”

• S.C. Code Ann. § 56-9-60(A) (Self-insurers for motor vehicles; determination of financial responsibility)

  “(A) A person or company who has more than twenty-five motor vehicles registered in his name may qualify as a self-insurer provided that the department is satisfied that the person or company is able to pay any judgments obtained against the person or company.”

• S.C. Code Ann. § 56-9-353 (Type and terms of policy or bond)

  “No policy or bond shall be effective under Sections 56-9-351 and 56-9-352 unless issued by an insurance company or surety company licensed and authorized by the South Carolina Department of Insurance to do business in this State, except that if the motor vehicle was not registered in this State or...”

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• S.C. Code Ann. ch. 38-63: Life insurance policy provisionsState statute
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• South Carolina Code of Laws Title 38, Chapters 5, 43 and part of 55 (first third)State statute
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• South Carolina Code of Laws Title 38, Chapters 65, 71 and 72 (final third)State statute
• South Carolina Insurance Content OutlinesCandidate handbook or exam outline