Financial Responsibility

This is the 2026 edition of the code. This is the current edition. It was last updated Aug 02, 2026. Browse all editions.

This is Chapter 8.1 of the Code of Virginia, titled “Financial Responsibility.” It is part of Title 5.1 “Aviation”. It contains 6 laws.

It’s comprised of the following 6 sections.

§ 5.1-88.1	Proof of financial responsibility to be furnished for each aircraft
§ 5.1-88.2	What constitutes proof of financial responsibility
§ 5.1-88.3	Certain sections of Code incorporated by reference; definitions
§ 5.1-88.4	Cancellation of insurance or corporate surety bond
§ 5.1-88.5	Repealed
§ 5.1-88.6	Parachute jump training schools; disclosure of liability insurance coverage; penalty