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Question:

If a California driver is involved in an accident that results in more than $1,000 of property damage, he or she must

A report the accident to the California DMV.
Explaination

If a California driver is involved in an accident that results in more than $1,000 of property damage, he or she must file an accident report with the DMV within 10 days so that it can be added to his or her driving record. [Collisions are Not Accidents, Handling Emergencies, California Driver Handbook; and Collisions on Your Record, Administrative, California Driver Handbook]