A Financial Responsibility Insurance Certificate (SR-22) is proof or verification the holder is maintaining vehicle liability insurance in the required amounts. It is not a type of insurance—it is a form filed with the state’s department of public safety (DPS), department of transportation (DOT), or department of motor vehicles (DMV) and may also be referred to as an SR-22 Bond or SR-22 Form.

An SR-22 can be issued by most insurance providers, who will notify the state’s department of public safety or department of motor vehicles when an SR-22 is cancelled, terminated, or lapses.

The state will often require a driver whose license has been suspended following an arrest for DUI/DWI to provide an SR-22 in order to get their occupational or restricted license or to have their driver’s license reinstated.

In Colorado, an SR-22 is a certificate of financial responsibility required for certain drivers to prove that they carry the minimum amount of vehicle liability insurance required by state law. This certificate is necessary for individuals who have had their driving privileges suspended or revoked due to serious traffic offenses, such as DUI/DWI. The SR-22 is not an insurance policy itself, but rather a form that the insurance company files with Colorado's Department of Revenue, Motor Vehicle Division. Insurance providers are obligated to inform the state if the SR-22 is cancelled, terminated, or lapses. Drivers typically need to maintain an SR-22 for a period of time mandated by the state, which is usually three years, but this can vary depending on the severity of the offense and other factors. Failure to maintain an SR-22 when required can result in further suspension of driving privileges.