The protection required under this article shall be evidenced by the deposit of any of the following with the commission covering each vehicle used or to be used under the permit applied for:
(a)
A policy of insurance, issued by a company licensed to write such insurance in this state, or by nonadmitted insurers subject to Section 1763 of the Insurance Code, if the policies meet the rules promulgated therefor by the commission.
(b)
A bond of a surety company licensed to write surety bonds in the state.
(c)
Such evidence of the qualification of the household goods carrier as a self-insurer as may be authorized by the commission.