(a) When a nonresident’s operating privilege is suspended pursuant to section 15-105 or 15-107, the executive director shall transmit a certified copy of the record of such action to the official or department regulating the operation of aircraft in the state in which the nonresident resides, if the law of the other state provides for action in relation thereto, similar to that provided for in subsection (b) of this section.

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(b) Upon receipt of a certification that the operating privilege of a resident of this state has been suspended or revoked in any other state pursuant to a law providing for its suspension or revocation for failure to deposit security for the payment of judgments arising out of an aircraft accident, under circumstances which would require the executive director to suspend a nonresident’s operating privilege had the accident occurred in this state, the executive director, upon ten days’ notification to the resident, shall suspend the right of such resident to operate any aircraft in this state if such resident was the operator of an aircraft involved in the accident or if such resident was the owner of an aircraft involved in the accident and was legally responsible for its operation and shall suspend the right of such owner to permit the operation of such aircraft in this state. The suspension shall continue until the resident furnishes evidence of his or her compliance with the security requirements of the law of the other state.