CHAPTER 298

An Act to umend and reenact § 46.1-450 of the Code of Virginia, relating
to exemptions from provisions regarding the suspension of licenses
and requirements for providing security for damages following certain
accidents.

[H 539}

Approved March 31, 1966

Be it enacted by the General Assembly of Virginia:
7 That § 46.1-460 of the Code of Virginia be amended and reenacted as
§ 46.1-450. The provisions of § 46.1-449 shall not apply to:

(a) An owner, operator or chauffeur if the owner had in effect, at the
time of the accident, with respect to the motor vehicle involved, a standard
provisions automobile liability policy in form approved by the State Cor-
poration Commission and issued by an insurance carrier authorized to do
business in this State or, if the motor vehicle was not registered in this
State or was a motor vehicle which was registered elsewhere than in this
State at the effective date of the policy, or at its most recent renewal, an
automobile liability policy acceptable to that Commission as substantially
the equivalent of a standard provisions automobile liability policy; pro-
vided, in either event, that every such automobile liability policy is subject
to the lit::its provided in § 46.1-504.

(b) An operator or chauffeur if not the owner of the motor vehicle,
if there was in effect at the time of the accident such a policy with respect
to his operation of motor vehicles not owned by him or, if such motor
vehicle was a private passenger motor vehicle, with respect to his operation
of a private passenger motor vehicle not owned by him; or

(c) An owner, operator or chauffeur if his liability for damages
resulting from the accident.is, in the judgment of the Commissioner,
covered by any other form of liability insurance policy issued by an insur-
ance carrier authorized to do business in this State or by a bond; provided,
that every such policy or bond mentioned herein is subject * to a limit,
exclusive of interest and costs, of fifteen thousand dollars because of bodily
injury to or death of one person in any one accident and, subject to that
limit for one person, to a limit of thirty thousand dollars because of bodily
injury to or death of two or more persons in any one accident and * to a
limit of five thousand dollars because of injury to or destruction of property
of others in any one accident.