Massachusetts · Massachusetts General Laws — Part I, Title XIV, Motor Vehicles
Mass. Gen. Laws (Motor Vehicles) § 90:34D: Registration application; cash deposit in lieu of liability bond or policy; satisfaction of judgment
What this law says, in plain English
An applicant for motor vehicle registration may deposit cash or securities worth at least $10,000 with the state treasurer instead of obtaining liability insurance, to cover judgment amounts for bodily injury damages. Vehicle leasing businesses must deposit an additional $1,000 for property damage judgments.
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