Proof of financial responsibility definition

Proof of financial responsibility means proof of ability to respond in damages for liability, on account of accidents occurring after the effective date of the proof, arising out of the ownership, maintenance, or use of a motor vehicle, in the amount of twenty-five thousand dollars because of bodily injury to or death of one person in any one accident, and, subject to the limit for one person, in the amount of fifty thousand dollars because of bodily injury to or death of two or more persons in any one accident, and in the amount of twenty-five thousand dollars because of injury to or destruction of property of others in any one accident.

Proof of financial responsibility means proof of ability to respond in damages for liability, on account of accidents occurring subsequent to the effective date of the proof, arising out of the ownership, maintenance, or use of a motor vehicle, in amounts as follows:

Proof of financial responsibility means proof of ability to respond in damages for

Examples of Proof of financial responsibility in a sentence

• Proof of financial responsibility may bedemonstrated by self-insurance, insurance, or other guarantee approved by ADEC.

• Any application submitted subsequent to the abandonment of a former application shall be treated as a new application, and must be filed in accordance with subrule 121.4(4).121.4(6) Proof of financial responsibility.

• Proof of financial responsibility for the future is required pursuant to Iowa Code sections 321A.13, 321A.14, 321A.16 and 321A.17.

• Proof of financial responsibility shall be given by filing a certificate of insurance from a licensed insurance company demonstrating coverage for general liability, completed operations and personal injury.

• Proof of financial responsibility is required for two years starting on the effective date of the person’s last suspension or revocation.

More Definitions of Proof of financial responsibility

Proof of financial responsibility means proof of the ability of a licensee to respond in damages for liability on account of accidents or wrongdoings occurring subsequent to the effective date of the proof, arising out of ownership and operation of a bail enforcement business, private security business or a private investigation business.

Proof of financial responsibility means proof of

Proof of financial responsibility means a bond, deposit, proof of an established escrow account or trust account ensuring that sufficient funds will be available to comply with the closure and long−term care requirements of this chapter and the approved plan of operation.

Proof of financial responsibility means, pursuant to Indiana Code § 9-25-2-3, proof of ability to respond in damages for liability that arises out of the ownership, maintenance, or use of a Golf Cart in the following amounts:

Proof of financial responsibility means a bond, deposit or proof of an established escrow account, trust account or other proof of financial responsibility satisfactory to the depart- ment ensuring that sufficient funds shall be available to comply with the closure and long−term care requirements of chs. NR 600 to 685 and the approved plan of operation.

Proof of financial responsibility means proof of ability to respond in damages for liability on

Proof of financial responsibility means proof of ability to re-