NC 20-279.25. - NC 20-279.25.

§ 20-279.25. Money or securities as proof. (a) (Effective until July 1, 2025) Proof of financial responsibility may be evidenced by the certificate of the State Treasurer that the person named therein has deposited with him eighty-five thousand dollars ($85,000) in cash, or securities such as may legally be purchased by savings banks or for trust funds of a market value of eighty-five thousand dollars ($85,000). The State Treasurer shall not accept any such deposit and issue a certificate therefor and the Commissioner shall not accept such certificate unless accompanied by evidence that there are no unsatisfied judgments of any character against the depositor in the county where the depositor resides. (a) (Effective July 1, 2025) Proof of financial responsibility may be evidenced by the ce...