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

• The department shall promulgate rules establishing the procedure used to determine if it is necessary to protect human health or the environment.(g) Proof of financial responsibility for approved mining facil- ity; termination.

• Proof of financial responsibility may be evidenced by filing with the department fifty-five thousand dollars in the form of a certificate of deposit made payable to the department.

• Proof of financial responsibility for completing the cemetery and its related facilities for its initial development.

• Proof of financial responsibility of the transferee as provided in 329 IAC 10-39, if required by the commissioner.

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

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 re-

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