Vehicle Code section 16435

(a)

Proof of financial responsibility may be given by the deposit of seventy-five thousand dollars ($75,000) as provided in Section 16054.2. The department shall not accept a deposit where any judgment theretofore obtained against that person as a result of damages arising from the operation of any motor vehicle shall not have been paid in full.

(b)

The deposit requirement in subdivision (a) shall be increased by fifty thousand dollars ($50,000) on January 1, 2035.

(c)

This section shall become operative on January 1, 2025.

Source: Section 16435, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=VEH§ionNum=16435. (accessed Jun. 2, 2025).

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Last Updated

May 12, 2025

§ 16435’s source at ca.gov

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Location: https://california.public.law/codes/vehicle_code_section_16435

Original Source: Section 16435, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=VEH§ionNum=16435. (last accessed May 12, 2025).