40-9-62
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40-9-62.
(a)
A
driveŕs
license or
nonresident́s
operating privilege suspended pursuant to Code Section 40-9-61 shall remain so
suspended and shall not be renewed, nor shall any such license or registration
be thereafter issued in the name of the judgment debtor, whether or not he or
she was previously licensed, unless and until every such judgment is stayed, or
satisfied in full or to the extent provided in subsection (b) of this Code
section, subject to the exceptions provided in this article.
(b)
Judgment referred to in this article, which is based upon an accident which
occurred on or after January 1, 2001, shall, for the purpose of this chapter
only, be deemed satisfied:
(1)
When $25,000.00 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 such limit of $25,000.00 because of bodily injury to or death
of one person, $50,000.00 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 $25,000.00 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.
(c)
Reserved.
(d)
Payments made in settlement of any claims because of bodily injury, death, or
property damage arising from the accident shall be credited in reduction of the
amounts provided for in this Code section.