Ohio Administrative Code
Title 4501:1 - Bureau of Motor Vehicles
Chapter 4501:1-2 - Financial Responsibility
Section 4501:1-2-03 - Financial responsibility bonds
Current through all regulations passed and filed through March 18, 2024
(A) Proof of financial responsibility may be evidenced by the bond of a surety company duly authorized to transact business within this state if the bond is issued in compliance with section 4509.59 of the Revised Code.
(B) Proof of financial responsibility also may be evidenced by a certificate of bond issued by the registrar of motor vehicles in accordance with this paragraph. The registrar shall prescribe a form upon which an application for a certificate of bond may be issued,"Application - Certificate of Financial Responsibility" form "BMV 2180" (5/18), available via the Ohio bureau of motor vehicles', website at http://www.bmv.ohio.gov/bmv_forms.stm. A financial responsibility bond issued under this paragraph shall be:
(C) A certificate of bond issued under paragraph (B) of this rule shall not be effective until the registrar receives the recorded document from the county recorder and issues a certificate to the applicant.