Home > Term: financial responsibility law
financial responsibility law
A law that requires a person or organization to furnish evidence of ability to respond to claims for harm from a specified type of activity. The most common financial responsibility requirement applies to motor vehicle operators, who must have evidence of ability to pay for automobile-related injuries or damage. An auto liability policy is the main form of financial responsibility.
- Jenis Kata: noun
- Industri / Domain: Konvensi
- Kategori: Konferensi
- Company: CIC
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