(a) “Proof of financial responsibility,” when required by this code, means proof of financial responsibility resulting from the ownership or operation of a motor vehicle and arising by reason of personal injury to, or death of, any one person, of at least fifteen thousand dollars ($15,000) and, subject to the limit of fifteen thousand dollars ($15,000) for each person injured or killed, of at least thirty thousand dollars ($30,000) for the injury to, or the death of, two or more persons in any one accident, and for damages to property in excess of one thousand dollars ($1,000), of at least five thousand dollars ($5,000) resulting from any one accident. Proof of financial responsibility may be given in any manner authorized in this chapter.

(b) This section shall remain in effect only until January 1, 2025, and as of that date is repealed.

(Amended by Stats. 2022, Ch. 717, Sec. 4. (SB 1107) Effective January 1, 2023. Repealed as of January 1, 2025, by its own provisions. See later operative version added by Sec. 5 of Stats. 2022, Ch. 717.)