An Act to provide a penalty schedule for failure to maintain financial responsibility on a motor vehicle.
Be it enacted by the Legislature of the State of South Dakota:
Section 1. That 32-35-113 be AMENDED:
32-35-113.
Every driver or
owner of a motor vehicle shall at all times maintain in force one of
the following
forms of
financial responsibility on the motor vehicle
by one of the following methods:
(1) Having
in force on the motor vehicle anAn
owner's policy of liability insurance as provided in 32-35-70;
(2) Having
in force aA
bond as provided in 32-35-83;
(3) Having
aA
certificate of deposit of money or securities as provided in
32-35-87,
but
in the
amount of fifty thousand dollars; or
(4) Having
aA
certificate of self insurance, as provided in 32-35-90
and 32-35-91,
supplemented by an agreement by the self insurer that, with
respect to accidents occurring while the certificate is in force, he
the
self-insurer will
pay the same amounts
that an amount
the self-insurer
would have been obligated to pay under an owner's motor vehicle
liability policy if
it had issued
such
a policy to
said
the
self insurer.
Failure to maintain financial responsibility is a Class 2 misdemeanor. A second violation of this section is a Class 1 misdemeanor. Any third or subsequent violation is a Class 6 felony.