Methods of giving proof of financial responsibility

Wis. Stat. § 344.30 — under PROOF OF FINANCIAL RESPONSIBILITY FOR THE FUTURE.

Wis. Stat. § 344.30

344.30 Methods of giving proof of financial responsibility.

SUBCHAPTER I GENERAL PROVISIONS 344.01 Words and phrases defined. (1) Words and phrases defined in ss. 340.01 and 343.01 are used in the same sense in this chapter unless a different definition is specifically provided. (2) In this chapter the following words and phrases have the designated meanings: (a) “Judgment” means a judgment for damages rendered by a court of competent jurisdiction of any state or of the United States upon a cause of action arising out of the ownership, maintenance or use of any motor vehicle, including damages for care and for loss of services because of bodily injury to or death of any person and damages because of injury to or destruction of property and the consequent loss of use thereof, which judgment has become final by expiration without appeal of the time within which an appeal might have been taken or by final affirmation on appeal. “Judgment” also includes a judgment rendered by a court of competent jurisdiction upon a cause of action on an agreement of settlement for damages of the type specified in this paragraph, which judgment has become final within the meaning of this paragraph. (b) “Motor vehicle” means a self-propelled vehicle and also includes trailers and semitrailers designed for use with such vehi-

344.31 344.33 344.34 344.35 344.36 344.37 344.38 344.39 344.40

Certification of insurance as proof. “Motor vehicle liability policy” defined. Notice of cancellation or termination of certified policy. This chapter not to affect other policies. Bond as proof. Money or securities as proof. Owner and leasing company may give proof for others. Substitution of proof. Revocation or suspension for failure to maintain proof; other proof may be required.