Release of liability
If you settle the damages with the other party, you must:
- Submit a Release of Liability MV3041 which releases you from future liability for the crash.
- Those who had damages must sign the release. Their signature must be witnessed or notarized.
You may enter into a payment plan to pay for the damages or injuries using the Installment Agreement to Pay Accident Damages MV3128.
- You must sign the agreement in the presence of a notary.
- Those who had damages or injuries must sign the agreement in the presence of a witness.
- An insurance company representative must also sign if the payments are being made to the insurance company.
If you fail to make your payments, your operating and/or registration privileges will be suspended.
You may deposit security with the Wisconsin DMV as a means of maintaining your operating and registration privileges. The deposit will be held until one of these occurs:
- The parties who had damages or injuries reach an agreement with you
- A court orders Wisconsin DMV to disburse the funds according to the court ruling
- One year has passed and no court action has been initiated
- if a court action has been initiated, the deposit will be held for 20 years or until the claim is settled
Payment should be made to Registration Fee Trust and mailed to:
Wisconsin Department of Transportation
Uninsured Motorist Unit
PO Box 7983
Madison, WI 53707
Accepted payment methods are:
- Certified personal check
- Cashier’s check
- Money order
- Loan company drafts
- Surety bond
- An attorney trust account check
Reaching an agreement
If you deposited security and then settle the claim, you must file a Security Deposit Assignment and Release of Liability form MV3216 with DMV. This releases you from any future claims filed by the claimant(s) for the crash.
- Uninsured motorist fills out the Security Deposit Assignment portion of the form
- Sign in the presence of a notary
- Claimant(s) completes the Liability Release portion of the form
- Sign the presence of a witness
- Funds that Wisconsin DMV has been holding are mailed to the claimant(s) in approximately three to four weeks