Direct administration of state financial responsibility law.
What does a Financial Responsibility Division Director do?
Directs administration of state financial responsibility law requiring deposit of surety bonds by uninsured motorists involved in highway accidents: Coordinates activities of personnel engaged in compiling and analyzing personal injury and property damage reports and related data to determine applicability of law and amount of surety deposit required for compliance. Formulates or interprets regulations and policies for implementation by staff and to supply information to attorneys and litigants in accident cases. Coordinates activities of workers engaged in preparing receipts for surety deposits, making disbursements and refunds, and forwarding deposits to appropriate state office. Notifies motor vehicle licensing officials of motorists’ failure to meet requirements of law to facilitate license revocation or other official action. Recommends changes in law to remove inequities and maintain surety requirements consistent with trends in accident statistics and jury damage awards.