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Simple English definitions for legal terms

financial-responsibility act

Read a random definition: entry for marriage in speech

A quick definition of financial-responsibility act:

A financial-responsibility act is a law in a state that requires drivers to show proof of insurance or other financial responsibility before they can get a license or register their vehicle. This means that drivers have to have a way to pay for any damages they might cause in an accident. It's like a rule that helps make sure everyone is responsible and prepared when they drive on the roads.

A more thorough explanation:

A financial-responsibility act is a law in a state that requires drivers to show proof of insurance or other financial responsibility before they can register their vehicle or obtain a driver's license. This means that drivers must have a way to pay for any damages or injuries they may cause in an accident.

For example, in California, drivers must have liability insurance with minimum coverage amounts of $15,000 for injury or death of one person, $30,000 for injury or death of more than one person, and $5,000 for property damage. If a driver is unable to provide proof of insurance, they may face fines, license suspension, or even impoundment of their vehicle.

Another example is in Texas, where drivers can show proof of financial responsibility by either having liability insurance, a surety bond, or a deposit with the state comptroller. This ensures that drivers are able to pay for any damages or injuries they may cause while driving.

Overall, the financial-responsibility act is designed to protect both drivers and other individuals on the road by ensuring that everyone has a way to pay for any damages or injuries that may occur in an accident.

financial report | financial-responsibility clause

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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