303.160. Proof of financial responsibility, how given. - Missouri Statutes

Proof of financial responsibility, how given.

303.160. 1. Proof of financial responsibility when requiredunder this chapter with respect to a motor vehicle or withrespect to a person who is not the owner of a motor vehicle maybe given by filing:

(1) A certificate of insurance as provided in section303.170 or section 303.180; or

(2) A bond as provided in section 303.230; or

(3) A certificate of deposit of money or securities asprovided in section 303.240; or

(4) A certificate of self-insurance, as provided in section303.220, supplemented by an agreement by the self-insurer that,with respect to accidents occurring while the certificate is inforce, he will pay the same judgments and in the same amountsthat an insurer would have been obligated to pay under an owner'smotor vehicle liability policy if it had issued such a policy tosaid self-insurer.

2. No motor vehicle shall be or continue to be registered inthe name of any person required to file proof of financialresponsibility unless such proof shall be furnished for suchmotor vehicle.

(L. 1953 p. 569 § 303.180, A.L. 1961 p. 463)

(1974) A certificate of self-insurance is not a policy of insurance so as to make holder liable in the same manner as "other valid and collectible insurance". American Family Ins. Co. v. Missouri Power and Light Co. (Mo.), 517 S.W.2d 110.