Question

Under the California Vehicle Code all of the following are acceptable to satisfy the Financial Responsibility requirement EXCEPT

1. DMV-issued self-insurance certificate.
2 motor vehicle liability insurance coverage.
3.cash deposit of $35,000 with the Department of Motor Vehicles.
4. company with an escrow account that is licensed to do business in California.

Answer 1

Option 4, a company with an escrow account that is licensed to do business in California, is not acceptable to satisfy the Financial Responsibility requirement under the California Vehicle Code.

Step-by-step explanation:

The California Vehicle Code requires drivers to have financial responsibility, which means they must have a way to pay for damages or injuries they may cause in a car accident. There are several acceptable methods to satisfy this requirement. However, one of the options mentioned in the question is NOT acceptable. The correct answer is option 4: a company with an escrow account that is licensed to do business in California.