responsibility laws

responsibility laws
See financial responsibility laws.

Ballentine's law dictionary. . 1998.

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  • Financial Responsibility Clause — A provision within an automobile insurance policy which indicates that the policy holder has the minimum amount of coverage required by the state that he or she is driving in. Financial responsibility clauses are used to ensure that the driver… …   Investment dictionary

  • Financial Responsibility Law — A law which requires an individual to prove that he or she is able to pay for damages resulting from an accident. A financial responsibility law does not specifically require the individual to have insurance coverage; instead, the law requires… …   Investment dictionary

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