When evidence of the insuring of a person, convicted of a violation of a motor vehicle law within the terms of this title, is offered as proof of financial responsibility, the presentation of such proof shall include certification that the policy of insurance or indemnity bond has attached thereto a certificate waiving, as against injured persons, all defenses based on false representation or breach of warranties as set forth in the application for the policy of insurance or indemnity bond by the insured. Such contract, bond, or policy of insurance shall be for the benefit of a person injured in person or property, to the amounts indicated therein, to satisfy the legal liability of the insured.