Virginia Code 46.2-460: When Commissioner to consent to cancellation of bond or policy, or return of money or securities
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The Commissioner, on request and subject to the provisions of § 46.2-461, shall consent to the cancellation of any bond or insurance policy or to the return to the person entitled thereto of any money or securities deposited pursuant to this chapter as proof of financial responsibility or he shall not require proof of financial responsibility in the event:
Terms Used In Virginia Code 46.2-460
- Person: includes any individual, corporation, partnership, association, cooperative, limited liability company, trust, joint venture, government, political subdivision, or any other legal or commercial entity and any successor, representative, agent, agency, or instrumentality thereof. See Virginia Code 1-230
- Vehicle: means every device in, on or by which any person or property is or may be transported or drawn on a highway, except personal delivery devices and devices moved by human power or used exclusively on stationary rails or tracks. See Virginia Code 46.2-100
1. Of the death of the person on whose behalf the proof was filed;
2. Of his permanent incapacity to operate a motor vehicle; or
3. That the person who has given proof of financial responsibility surrenders his driver’s license, and all of his registration cards, and license plates to the Commissioner.
Code 1950, § 46-480; 1958, c. 541, § 46.1-491; 1984, c. 780; 1989, c. 727.