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DIGEST OF INTRODUCED BILL
Financial responsibility for motor vehicles. Requires the bureau of motor vehicles (BMV) to include a statement on a motor vehicle registration (registration) application regarding the cancellation of motor vehicle liability insurance (insurance) and certain information on the certificate of registration. Requires a person registering a motor vehicle in person to: (1) provide proof of financial responsibility; and (2) sign the copy of the certificate of registration under penalty of perjury. Requires the BMV to establish rules concerning the cancellation of insurance. Requires an insurer to notify the BMV if insurance is canceled before the expiration date of the policy. Requires the BMV to suspend the driver's license or the registration of a person who was a policyholder under canceled insurance if the person does not specify how the person will maintain financial responsibility on the person's vehicle after canceling the policy, unless the person receives an exemption from the BMV. Provides for reinstatement of the driver's license or the registration after 90 days of suspension after payment of a reinstatement fee. Makes it a Class C misdemeanor to operate a motor vehicle unless financial responsibility is in effect on the vehicle, and a Class D felony if the person has a prior unrelated conviction or judgment for the failure to maintain financial responsibility. Makes technical corrections.