Final answer:
A driver in Mississippi must maintain a certificate of deposit or securities as a financial backup if they do not have auto insurance, though the specific amount is not provided. This is to ensure they can cover any potential damages or liabilities from accidents.
Step-by-step explanation:
If a driver in Mississippi chooses not to maintain auto insurance on his or her vehicle, he or she is required by law to have a financial backup plan. The exact value of the certificate of deposit or securities that must be maintained is not directly provided in the information available. However, the concept behind this requirement is similar to how an insurance company collects premiums from its drivers to cover the costs of accidents.
For instance, if 100 drivers each pay a $1,860 premium annually, the insurance company will amass $186,000. This fund is analogous to the adequate financial proof a driver must show if they forgo insurance. A certificate of deposit or securities serves as a safeguard that guarantees the driver can cover the damages or liabilities that may arise from a car accident.