§ 47-7-205. Form and amount of security.

A.  The security required under this chapter shall be in the form and in the amount the Department of Public Safety requires, but in no case in excess of minimum liability insurance limits.

B.  Every depositor of security shall designate in writing every person in whose name the deposit is made and may at any time change the designation, but any single deposit of security shall be applicable only on behalf of persons required to furnish security because of the same accident.

Added by Laws 1961, p. 355, § 7-205.  Amended by Laws 2009, c. 62, § 5, eff. Nov. 1, 2009.