in the name of such a person, including any such person not previously licensed, unless every such judgment is stayed, satisfied in full or to the extent provided in this chapter and the person gives proof of financial responsibility subject to the exemptions stated in NRS 485.302 and 485.305. 2. The requirements of this section for reinstatement of a license, registration or privilege are in addition to the requirements of NRS 485.307. (Added to NRS by 1957, 723; A 1975, 46; 1985, 1176) NRS 485.304 Payments sufficient to satisfy requirements. Judgments must for the purpose of this chapter only, be deemed satisfied: 1. When $15,000 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; 2. When, subject to the limit of $15,000 because of bodily injury to or death of one person, the sum of $30,000 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 $10,000 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, but payments made in settlement of any claims because of bodily injury, death or property damage arising from a motor vehicle accident must be credited in reduction of the amounts provided for in this section. (Added to NRS by 1957, 724; A 1963, 221; 1969, 177; 1981, 628) NRS 485.305 Payment of judgment in installments; default. 1. A judgment debtor upon notice to the judgment creditor may apply to the court in which the judgment was rendered for the privilege of paying the judgment in installments and the court, 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. 2. The Department shall not suspend a license, registration or a nonresident’s operating privilege, and shall restore any license, registrations or nonresident’s operating privilege suspended following nonpayment of a judgment, if the judgment debtor gives proof of financial responsibility and obtains such an order permitting the payment of the judgment in installments, and while the payment of any such installment is not in default. The requirements of this section for reinstatement of a license, registration or privilege are in addition to the requirements of NRS 485.307. 3. If the judgment debtor fails to pay any installment as specified by such an order, upon notice of the default, the Department shall forthwith suspend the license, registrations or nonresident’s operating privilege of the judgment debtor until the judgment is satisfied, as provided in this chapter. (Added to NRS by 1957, 724; A 1961, 145; 1985, 1177; 1999, 3585) PROOF OF FINANCIAL RESPONSIBILITY NRS 485.307 Alternate methods of giving proof; proof required before registration is restored. 1. Proof of financial responsibility, when required pursuant to this title, may be given by filing: (a) A certificate of financial responsibility as provided in NRS 485.308 or 485.309; or (b) A certificate of self-insurance, as provided in NRS 485.380, supplemented by an agreement by the self-insurer that, with respect to accidents occurring while the certificate is in force, he will pay the same judgments and in the same amounts that an insurer would have been obligated to pay under an owner’s policy of liability insurance if it had issued such a policy to the self-insurer. 2. Whenever the Department restores a license, permit or privilege of driving a vehicle in this State which has been revoked, no motor vehicle may be or continue to be registered in the name of the person whose license, permit or privilege was revoked unless proof of financial responsibility is furnished by that person. (Added to NRS by 1957, 725; A 1985, 1177; 1987, 1093; 1993, 2486; 1995, 2738) NRS 485.3075 Proof required before reinstatement of license or registrations suspended for failure to maintain proof; duration; penalty. A person whose license or registrations are suspended for failure to maintain proof of financial responsibility as required pursuant to this title must provide proof of financial responsibility pursuant to NRS 485.307 before his license or registrations will be reinstated. The person must maintain proof of financial responsibility for 3 years after the date of the reinstatement of his license pursuant to the provisions of this chapter. If he fails to do so, the Department shall suspend his license and registrations. (Added to NRS by 1995, 2734; A 1999, 3585) NRS 485.308 Certificate of insurance as proof; filing of certificate by electronic or other means; insurance carrier to notify Department before cancelling or terminating policy. 1. Proof of financial responsibility may be furnished by filing with the Department the written certificate of any insurance carrier authorized to do business in this State certifying that there is in effect a motor vehicle liability policy for the benefit of the person required to furnish proof of financial responsibility. The certificate must specify its effective date and: (a) If the policy is an owner’s policy of liability insurance, designate by appropriate reference all motor vehicles covered by it; or (b) If the policy is an operator’s policy of liability insurance, designate the person covered. 2. The Department may authorize the filing of the certificates described in subsection 1 by electronic transmission or any other means deemed appropriate by the Department. 3. An insurance carrier that certifies the existence of a motor vehicle liability policy pursuant to subsection 1, must notify the Department at least 10 days before the cancellation or termination of the policy. (Added to NRS by 1957, 725; A 1961, 146; 1973, 837; 1979, 1515; 1985, 1178; 1987, 1093; 1993, 2487; 1995, 2739; 1999, 3585) NRS 485.309 Certificate furnished by nonresident as proof. 1. The nonresident owner of a motor vehicle not registered in this State or a nonresident operator of a motor vehicle may give proof of financial responsibility by filing with the Department a written certificate of an insurance carrier authorized to transact business: (a) If the insurance provides coverage for the vehicle, in the state in which the motor vehicle described in the certificate is registered; or (b) If the insurance provides coverage for the operator only, in the state in which the insured resides, if the certificate otherwise conforms to the provisions of this chapter. 2. The Department shall accept the proof upon condition that the insurance carrier complies with the following provisions with respect to the policies so certified: (a) The insurance carrier shall execute a power of attorney authorizing the Director to accept service on its behalf of notice or process in any action arising out of an accident involving a motor vehicle in this State; and (b) The insurance carrier shall agree in writing that the policies shall be deemed to conform with the laws of this State relating to the terms of liability policies for owners of motor vehicles. 3. If any insurance carrier not authorized to transact business in this State, which has qualified to furnish proof of financial responsibility, defaults in any undertakings or agreements, the Department shall not thereafter accept as proof any certificate of that carrier whether theretofore filed or thereafter tendered as proof, as long as the default continues. (Added to NRS by 1957, 725; A 1961, 146; 1985, 1958; 1987, 1094; 1999, 3586) NRS 485.3091 Motor vehicle liability policy: Requirements. 1. An owner’s policy of liability insurance mus

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