Page:United States Statutes at Large Volume 68 Part 1.djvu/164

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P U B L I C LAW 365-MAY 25, 1954

[68 S T A T.

may be allowed by the Commissioners, in their discretion, for six months from the date of such consent and thereafter until such consent is revoked in writing, notwithstanding default in the payment of such judgment, or of any installments thereof prescribed m section 50, provided the judgment debtor furnishes proof of financial responsibility. SEC. 46. EXCEPTION W H E N INSURER LIABLE.—No license, registration, or nonresident's operating privilege of any person shall be suspended under the provisions of this article if the Commissioners shall find that an insurer was obligated to pay the judgment upon which suspension is based, at least to the extent and for the amounts required in this Act, but has not paid such judgment for any reason. A finding by the Commissioners that an insurer is obligated to pay a judgment shall not be binding upon such insurer and shall have no legal effect whatever except for the purpose of administering this section. Whenever in any judicial proceedings it shall be determined by any final judgment, decree or order that an insurer is not obligated to pay any such judgment, the Commissioners, notwithstanding any contrary finding theretofore made by them shall forthwith suspend the license and registration and any nonresident's operating privilege of any person against whom such judgment was rendered, as provided in section 43. SEC. 47. SUSPENSION To CONTINUE UNTIL, JUDGMENTS PAID AND

PROOF GIVEN.—Such license, registration and nonresident's operating privilege shall remain so suspended and shall not be renewed, nor shall any such license or registration be thereafter issued in the name of such person, including any such person not previously licensed, unless and until every such judgment is stayed, satisfied in full or to the extent hereinafter provided and until the said person gives proof of financial responsibility subject to the exemptions stated in sections 45,46, and 50 of this Act. SEC. 48. DISCHARGE I N BANKRUPTCY.—A discharge in bankruptcy following the rendering of any such judgment shall not relieve the judgment debtor from any of the requirements of this Act. SEC. 49. PAYMENTS SUFFICIENT TO SATISFY REQUIREMENTS.—(a)

Judgments herein referred to shall, for the purpose of this Act only, be deemed satisfied— (1) when $10,000 has been credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or death of one person as the result of any one accident; or (2) when, subject to such limit of $10,000 because of bodily injury to or death of one person, the sum of $20,000 has been credited upon any judgment or judgments rendered in excess of that amount because of bodily injury to or death of two or more persons as the result of any one accident; or (3) when $5,000 has been credited upon any judgment or judgments rendered in excess of that amount because of injury to or destruction of property of others as a result of any one accident. (b) Payments made in settlements of any claims because of bodily injury, death, or property damage arising from such accident shall be credited in reduction of the amounts provided for in this section. SEC.

50. INSTALLMENT PAYMENT OF JUDGMENTS; DEFAULT.— (a)

A judgment debtor upon due notice to the judgment creditor may apply to the court in which such judgment was rendered for the privilege of paying such judgment in installments and the court, in its discretion and without prejudice to any other legal remedies which the judgment creditor may have, may so order and fix the amounts and times of payment of the installments.

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