§287-36  Money or bonds as proof.  (a) Proof of financial responsibility may be evidenced by the certificate of theadministrator that the person named therein has deposited with theadministrator $25,000 in cash or bonds.  The administrator shall not accept anysuch deposit and issue a certificate therefor unless accompanied by evidencethat there are no unsatisfied judgments of any character against the depositorin the county where the depositor resides.

(b)  The deposit shall be held by the administratorto satisfy, in accordance with this chapter any execution on a judgment issuedagainst such person making the deposit, for damages, including damages for careand loss of services, because of bodily injury to or death of any person, orfor damages because of injury to or destruction of property, including the lossof use thereof, resulting from the ownership, maintenance, use, or operation ofa motor vehicle after the deposit was made.  Money or bonds so deposited shallnot be subject to attachment or execution unless the attachment or executionarises out of a suit for damages as aforesaid. [L 1949, c 393, pt of §1; RL1955, §160-114; am L Sp 1959 2d, c 1, §14; am L 1963, c 98, §1 and c 114, §1;HRS §287-36; am L 1980, c 84, pt of §1; gen ch 1985; am L 1992, c 120, §1; am L1993, c 6, §10]