§ 71.27 COMPLIANCE WITH FINANCIAL RESPONSIBILITY LAW REQUIRED.
   (A)   Every vehicle operated within the corporate limits must be in compliance with the financial responsibility law.
   (B)   At the time the driver of a motor vehicle is charged with any moving violation under Tenn. Code Ann. Title 55, Ch. 8, Ch. 10, parts 1 through 5, and Ch. 50, any provision in this traffic code or at the time of an accident for which notice is required under Tenn. Code Ann. § 55-10-106, the officer shall request evidence of financial responsibility as required by this section. In case of an accident for which notice is required under Tenn. Code Ann. § 55-10-106, the officer shall request such evidence from all drivers involved in the accident, without regard to apparent or actual fault.
   (C)   For the purposes of this section, FINANCIAL RESPONSIBILITY means:
      (1)   Documentation, such as the declaration page of an insurance policy, an insurance binder or an insurance card from an insurance company authorized to do business in the state, stating that a policy of insurance meeting the requirements of the State Financial Responsibility Law of 1977, compiled in Tenn. Code Ann. Title 55, Ch. 12, has been issued;
      (2)   A certificate, valid for one year, issued by the Commissioner of Safety, stating that a cash deposit or bond in the amount required by the State Financial Responsibility Law of 1977, compiled in Tenn. Code Ann. Title 55, Ch. 12, has been paid or filed with the Commissioner, or has qualified as a self-insurer under Tenn. Code Ann. § 55-12-111; or
      (3)   The motor vehicle being operated at the time of the violation was owned by a carrier subject to the jurisdiction of the Department of Safety or the Interstate Commerce Commission, or was owned by the United States, the state or any political subdivision thereof, and that such motor vehicle was being operated with the owner’s consent.
(1994 Code, § 15-125) (Ord. 031102.37, passed 5- -2002; Ord. 674, passed 6-26-2007) Penalty, see § 71.99