Section 16053 Of Article 3. Evidence Of Financial Responsibility From California Vehicle Code >> Division 7. >> Chapter 1. >> Article 3.
16053
. (a) The department may in its discretion, upon application,
issue a certificate of self-insurance when it is satisfied that the
applicant in whose name more than 25 motor vehicles are registered is
possessed and will continue to be possessed of ability to pay
judgments obtained against him or her in amounts at least equal to
the amounts provided in Section 16056. The certificate may be issued
authorizing the applicant to act as a self-insurer for either
property damage or bodily injury or both. Any person duly qualified
under the laws or ordinances of any city or county to act as
self-insurer and then acting as such, may upon filing with the
department satisfactory evidence thereof, along with the application
as may be required by the department, be entitled to receive a
certificate of self-insurance.
(b) Upon not less than five days' notice and a hearing pursuant to
the notice, the department may upon reasonable grounds cancel a
certificate of self-insurance. Failure to pay any judgment within 30
days after the judgment has become final and has not been stayed or
satisfied shall constitute a reasonable ground for the cancellation
of a certificate of self-insurance.