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27-19-616. Termination of security requirements.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-19-616. Termination of security requirements.
(a) The Office of Driver Services, if satisfied as to the existence of any fact which under §§ 27-19-612 — 27-19-615 would entitle a person to be relieved from the security requirements of this subchapter, shall not require the deposit of security by the person so relieved from the requirements and shall terminate any prior order of suspension in regard to the person, or, if security has previously been deposited by the person, the office shall immediately return the deposit to him or her or to his or her personal representative.
(b) If any person under suspension has received a settlement from the adverse party or his or her liability insurance carrier reimbursing him or her for his or her property damages and personal injuries, then the office shall not suspend his or her license and registration, and if his or her license and registration have been suspended, they shall be reinstated, and, if any such person has deposited security with the office and a settlement is subsequently made, he or she shall be entitled to the return of his or her security deposit upon proof satisfactory to the office of the settlement.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-19-616
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:27-19-616
Source file: gov.ar.code.title.27.odt
Pages: Not recorded – Not recorded
Passage SHA-256: b2bf0240fbd892cf769050f303e811ec4161ca13b8b1b9f4c9c44a7053d1fa5d
Source location: content.xml paragraph 8543
Stored source content
27-19-616. Termination of security requirements.
(a) The Office of Driver Services, if satisfied as to the existence of any fact which under §§ 27-19-612 — 27-19-615 would entitle a person to be relieved from the security requirements of this subchapter, shall not require the deposit of security by the person so relieved from the requirements and shall terminate any prior order of suspension in regard to the person, or, if security has previously been deposited by the person, the office shall immediately return the deposit to him or her or to his or her personal representative.
(b) If any person under suspension has received a settlement from the adverse party or his or her liability insurance carrier reimbursing him or her for his or her property damages and personal injuries, then the office shall not suspend his or her license and registration, and if his or her license and registration have been suspended, they shall be reinstated, and, if any such person has deposited security with the office and a settlement is subsequently made, he or she shall be entitled to the return of his or her security deposit upon proof satisfactory to the office of the settlement.
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Arkansas Code — all titles (historical 2020) · legal_authorities
27-19-612. Agreements for payment of damages.
(a) Any two (2) or more of the persons involved in, or affected by, an accident as described in § 27-19-601 may, at any time, enter into a written agreement for the payment of an agreed amount with respect to all claims of any of such persons because of bodily injury or death or property damage arising from the accident, which may provide for payment in installments, and may file a signed copy thereof with the Office of Driver Services.
(b) In the event any such written agreement is filed with the office, the office shall not require the deposit of security and shall terminate any prior order of suspension, or, if security has previously been deposited, the office shall immediately return the security to the depositor or his or her personal representative.
(c)(1) In the event of a default in any payment under the agreement and upon notice of default within one (1) year, the office shall take action suspending the license or the registration or both the license and registration of the person in default as would be appropriate in the event of failure of the person to deposit security when required under this subchapter.
(2) The suspension shall remain in effect and the license or registration shall not be restored unless and until:
(A) Security is deposited as required under this subchapter in such amount as the office may then determine is required under this subchapter;
(B) When, following any such default and suspension, the person in default has paid the balance of the agreed amount; or
(C) One (1) year has elapsed following the effective date of the suspension, and evidence satisfactory to the office has been filed with the office that during that period no action at law upon the agreement has been institute
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-19-612
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 27-19-612. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-19-615. Payment upon judgment.
The payment of a judgment arising out of an accident or the payment upon the judgment of an amount equal to the maximum amount which could be required for deposit under this subchapter shall, for the purposes of this subchapter, release the judgment debtor from the liability evidenced by the judgment.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-19-615
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 27-19-615. This identifies an authority to review, not proof of applicability.