Sec. 15-107. Requirements for restoration or renewal of operating privileges.
Sec. 15-107. Requirements for restoration or renewal of operating privileges.
Operating privileges suspended as provided in section 15-105 shall not be restored or
renewed until: (a) Security is deposited as required under section 15-105; or (b) two
years have elapsed following the date of such suspension and satisfactory evidence is
filed with the commissioner that during such period no action for damages arising out
of the accident has been instituted; or (c) satisfactory evidence is filed with the commissioner of a release from liability, or a judgment of nonliability as to all persons damaged
or injured in the accident, or a written agreement executed with all claimants providing
for payment of an agreed amount with respect to all claims for injuries and damages
resulting from the accident. If there is a default in payment under such written agreement,
then upon ten days' notification of the owner or operator, the commissioner shall suspend
the operating privilege of such person defaulting and the same shall not be restored
unless and until (1) such person deposits and thereafter maintains security as required
under section 15-105 in such amount as the commissioner may then determine, within
the limits provided in section 15-106, or (2) two years have elapsed following the time
when such security was required upon default and during such period no action upon
the agreement has been instituted in a court of this state; or (d) satisfactory evidence is
filed with the commissioner that any judgment against such person for damages resulting
from the accident has been satisfied in full or that there has been paid thereon an amount
equal to the applicable limits set forth in section 15-106; or (e) written consent thereto
has been filed with the commissioner by all claimants and the same is approved by the
commissioner in his discretion.
(1959, P.A. 488, S. 6; 1969, P.A. 768, S. 198; 1971, P.A. 146, S. 3; 1972, P.A. 207, S. 7.)
History: 1969 act replaced "department", referring to aeronautics department, with "commissioner", referring to commissioner of transportation; 1971 act required that two years, rather than one year, elapse before restoration of registration
or operating privilege from time of suspension or of security requirement; 1972 act deleted references to registrations and
nonresidents.