Insurance company. It is not an insurance policy by itself, and can not be purchased by itself, but serves as proof to the state that you have acquired the state mandated financial responsibility coverage to restore your driving privileges. A state or a court could order you to file an sr-22 for reasons such as a dui conviction, at-fault accidents or driving without insurance. To reinstate your license, you will be required to pay your overdue insurance premiums and your insurance provider will refile your sr22 with the dmv. Insurance is a certificate that proves to your state you carry the proper amount of liability insurance coverage to legally be considered a driver. Notice from your insurance provider, or the bmv does not have an effective sr22 on file at any time during the required period, your driving privileges will be suspended until the indiana bmv receives an effective sr22 policy that shows coverage is in effect or the sr22 requirement period expires.