Minimum financial responsibility liability limits definition
Minimum financial responsibility liability limits means the minimum limits specified by a compulsory or financial responsibility law of the applicable jurisdiction.
Minimum financial responsibility liability limits means the minimum limits specified by a compulsory or financial responsibility law of the applicable jurisdiction. “Rental agreement” means any written agreement, stating a period of less than one year, entered into setting forth the terms and conditions governing the use of a vehicle provided by the rental car company. “Rental vehicle” means the “auto” rented or leased by the “renter” from the “policyholder” and described in the “rental agreement”. “Renter” means any person obtaining the use of an “auto” from the “policyholder” under the terms of a “rental agreement.” n “Ultimate net loss” means all sums for which an “insured” becomes legally obligated to pay, as damages for “bodily injury” and “property