financial responsibility law

Definition of "financial responsibility law"
  1. A legal rule mandating that a person involved in a vehicle accident show evidence of capacity to compensate any claim against them
How to use "financial responsibility law" in a sentence
  1. The officer at the scene of the collision asked for proof complying with the financial responsibility law.
  2. After the traffic incident, they were responsible for showing their ability to pay under the financial responsibility law.
  3. Violation of the financial responsibility law can lead to severe penalties like license suspension.

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