§47-7-327.

§47-7-327.
   
   Proof of financial responsibility may be evidenced by the bond of a
   surety company duly authorized to transact business within this state,
   or a bond with at least two individual sureties each owning real
   estate within this state, and together having equities equal in value
   to at least twice the amount of the bond, which real estate shall be
   scheduled in the bond approved by a judge of a court of record, which
   said bond shall be conditioned for payment of the amounts specified in
   Section 7-302. Such bond shall be filed with the Department and shall
   not be cancelable except after ten (10) days written notice to the
   Department.