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A Security Suspension results from property damage exceeding $400.00 and/or a
personal injury claim filed by a State Crash Report. There is a statute of limitations
stating we can only suspend driving and registration privileges for a period of two years
from the date of accident.
Once
placed under this suspension, an uninsured motorist must comply with one of the following
requirements:
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Submit a
release signed by all parties showing the damages have been paid in full OR send a
notarized installment agreement signed by all involved parties indicating payment
arrangements have been made. (In the event of a default on an agreement, a two year
suspension will become effective from the date of default. No further agreements will be
accepted, only a full release or a deposit for the remaining balance.)
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Deposit
the amount of damages claimed with the Bureau of Motor Vehicles (BMV) ($500.00 is the minimum for personal injury).
We can only hold a deposit for two years from the date of accident. If the other party
files a civil judgment in court, the BMV must receive a journal entry and the deposit
would then be sent to the court. If court action is not taken, the BMV will return the
money to the depositor after the two year time period has lapsed.
File a
Petition or Discharge in Bankruptcy along with the Schedule of Creditors showing the claim
in question listed.
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Any
party that is going to be placed under a Security Suspension has the option to request an
Administrative Hearing.
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