In the event a minor deposits or there is deposited upon the minor's behalf proof
of financial responsibility in respect to the operation of a motor vehicle owned by
the minor, or if not the owner of a motor vehicle, then with respect to the operation
of any motor vehicle, in form and in amounts as required under the motor vehicle financial
responsibility laws of this state, then the division of motor vehicles may accept
the application of the minor when signed by a parent or guardian of the minor or other
responsible adult, and while that proof is maintained the parent or guardian or responsible
adult shall not be subject to the liability imposed under § 31-10-15.
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