§ 335. Security and proof required following accident. (a) Not less\nthan ten days nor more than sixty days after receipt by him of the\nreport or notice of an accident which has resulted in bodily injury or\ndeath, or in damage to the property of any one person in excess of one\nthousand dollars, the commissioner shall forthwith suspend the license\nof any person operating, and the registration certificates and\nregistration plates of any person owning, a motor vehicle in any manner\ninvolved in such accident unless and until such operator (or chauffeur)\nor owner or both shall have previously furnished or immediately\nfurnishes security sufficient in the judgment of the commissioner to\nsatisfy any judgment or judgments for damages resulting from such\naccident as may be recovered against such owner or operator (or\nchauffeur) by or on behalf of any aggrieved person or his legal\nrepresentative, and unless and until such owner or operator (or\nchauffeur) or both shall immediately furnish and thereafter maintain\nproof of financial responsibility in the future. Where erroneous\ninformation with respect to insurance coverage of the owner or operator\n(or chauffeur) of any such vehicle is furnished to the commissioner, he\nshall take appropriate action as above provided within sixty days after\nthe receipt by him of correct information with respect to such coverage.\nThis section shall not apply: (1) to such owner or operator (or\nchauffeur) if such owner had in effect at the time of such accident with\nrespect to such motor vehicle a standard provisions automobile liability\npolicy in form approved by the superintendent of financial services and\nissued by an insurance company authorized to do business in this state\nor, if such motor vehicle was not registered in this state or was a\nmotor vehicle which was registered elsewhere than in this state at the\neffective date of the policy, or the most recent renewal thereof, an\nautomobile liability policy acceptable to the superintendent of\nfinancial services as substantially the equivalent of such standard\nprovisions automobile liability policy; (2) to such operator (or\nchauffeur), if not the owner of such motor vehicle, if there was in\neffect at the time of such accident such a policy with respect to his\noperation of motor vehicles not owned by him or, if such motor vehicle\nwas a private passenger motor vehicle, with respect to his operation of\nprivate passenger motor vehicles not owned by him or (3) to such owner\nor operator (or chauffeur) if the liability of such owner or operator\n(or chauffeur) for damages resulting from such accident is, in the\njudgment of the commissioner, covered by any other form of liability\ninsurance policy issued by an insurance company authorized to do\nbusiness in this state or by a bond, provided every such policy or bond\nmentioned herein is subject, if the accident has resulted in bodily\ninjury, to a limit, exclusive of interest and costs, of twenty-five\nthousand dollars or death to a limit, exclusive of interest and costs,\nof fifty thousand dollars, because of bodily injury to or death of one\nperson in any one accident and, subject to said limit for one person, to\na limit of fifty thousand dollars because of bodily injury to or one\nhundred thousand dollars because of death of two or more persons in any\none accident, and, if the accident has resulted in injury to or\ndestruction of property, to a limit of ten thousand dollars because of\ninjury to or destruction of property of others in any one accident or\n(4) to such owner or operator if the commissioner shall determine that\nthe failure to have liability coverage as described above was caused\nsolely by the negligence or malfeasance of a person other than the\nperson whose license or registration has been suspended or is subject to\nsuspension, and that the person seeking to avoid such suspension was not\naware of the lack of such liability coverage. However, with respect to\n
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