Section 16054.2 Of Article 3. Evidence Of Financial Responsibility From California Vehicle Code >> Division 7. >> Chapter 1. >> Article 3.
16054.2
. Evidence may also be established by any of the following:
(a) By depositing with the department cash in the amount specified
in Section 16056.
(b) By providing documentation of a liability policy covering the
operation of the vehicle that (A) is issued by a charitable risk pool
operating under Section 5005.1 of the Corporations Code, if the
registered owner of the vehicle is a nonprofit organization that is
exempt from taxation under paragraph (3) of subsection (c) of Section
501 of the United States Internal Revenue Code and (B) the policy is
subject, if the accident has resulted in bodily injury or death, to
a limit, exclusive of interest and costs, of not less than fifteen
thousand dollars ($15,000) because of bodily injury to or death of
one person in any one accident and, subject to that limit for one
person, to a limit of not less than thirty thousand dollars ($30,000)
because of bodily injury to or death of two or more persons in any
one accident, and, if the accident has resulted in injury to, or
destruction of property, to a limit of not less than five thousand
dollars ($5,000) because of injury to or destruction of property of
others in any one accident.
(c) By any other manner authorized by the department which
effectuates the purposes of this chapter.