A person can prove they are financially responsible by filing a special promise to pay (called a surety bond) with the director. The bond can come from an approved company or from two people who own enough real estate in Missouri to cover twice the bond amount. If someone wins a court case against the person who filed the bond and does not get paid within 60 days, that winning person can sue the company or people who backed the bond.
303.230. as of responsibility. — 1. may be furnished by with the the of a to transact business in this state, or a bond with at least two each owning within this state, and together having equal in value to at least twice the amount of such bond, which real estate shall be scheduled in the bond approved by the judge of the of the county or city in which such real estate is situate. Such bond shall be for payments in amounts and under the same circumstances as would be required in a , and shall not be except after ten days' written notice to the director.
2. If such , rendered against the on such bond, shall not be satisfied within sixty days after it has become , the may, for his own use and and at his sole expense, bring an or actions in the name of the state against the company or persons executing such bond.
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Source & history notes
(L. 1953 p. 569 § 303.240)
Related Missouri laws
Certificate of self-insurance
RSMo 303.220
Cash deposit as proof of responsibility
RSMo 303.240
Owner may give proof for employees or family members
RSMo 303.250
Notice of cancellation of insurance to be given director
RSMo 303.210
Substitution of one proof of responsibility for another
RSMo 303.260
Missouri automobile insurance plan for persons unable to procure insurance by ordinary means
RSMo 303.200
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.