Bill > H854

This bill amends Section 34D of Chapter 90 of the General Laws, which deals with compulsory motor vehicle liability insurance, by increasing the required cash deposit or value of acceptable securities (like bonds or stocks) that can be made in lieu of a liability bond or insurance when applying for or renewing a motor vehicle registration. Specifically, the bill changes the minimum amount from ten thousand dollars to fifty thousand dollars, and clarifies that this deposit is for damages to property owned by another party, ensuring it covers judgments for such damages.