(a) An applicant requesting the self-insurance method of compliance to the financial responsibility law pursuant to Vehicle Code section 16053 shall complete, sign and certify under penalty of perjury under the laws of the State of California, an Application for a Certificate of Self-Insurance, form SR44 (REV. 6/01).

(b) The department shall consider the completed Application for a Certificate of Self-Insurance, form SR44 (REV. 6/01) in accordance with the provisions of Articles 2 and 3, Chapter 1, of Division 7 of the Vehicle Code and Section 80.00, et seq., Division 1, Chapter 1, of Title 13, of the California Code of Regulations. If the application is approved, the department shall issue a Certificate of Self-Insurance form SR27 (REV. 10/99), which contains an assigned number that serves as evidence of financial responsibility as established in Vehicle Code section 16020(b)(2) and proof of financial responsibility pursuant to Vehicle Code section 16436.

(c) The Certificate of Self-Insurance, form SR27 (REV. 10/99) shall serve as proof or evidence of financial responsibility under Article 2, Chapter 1, and Article 1, Chapter 3, Division 7 of the Vehicle Code.