Virginia § 5.1-88.8 - What constitutes proof of financial responsibility
Full text of Virginia Code of Virginia § 5.1-88.8 — What constitutes proof of financial responsibility, with citation guidance and answers to common questions.
§ 5.1-88.8. What constitutes proof of financial responsibility
The following shall constitute proof of financial responsibility as required by § 5.1-88.7:
1. The issuance, by an insurance company licensed to write such insurance in the Commonwealth, of a policy of bodily injury and property damage liability insurance or a policy or policies written pursuant to Chapter 48 (§ 38.2-4805.1 et seq.) of Title 38.2, which provide coverage with respect to each airport or landing area in the amount of one million dollars covering bodily injury and property damage liability in any one accident; or
2. The delivery to the Department of one million dollars cash or in securities such as fiduciaries may invest in as provided by §§ 64.2-1502 through 64.2-1505. Such money or securities so delivered to the Department shall be placed by it in the custody of the State Treasurer and shall be subject to execution to satisfy any judgment within the limits on amounts required by this chapter for personal injury and property damage liability insurance.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 5.1-88.8
What does Code of Virginia § 5.1-88.8 cover?
Section 5.1-88.8 ("What constitutes proof of financial responsibility") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 5.1-88.8?
A common citation format is "Code of Virginia § 5.1-88.8" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 5.1-88.8 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.