- financial responsibility clause
- Provision in automobile insurance policy stating that the insured has at least the minimum amount of coverage required by state financial responsibility laws
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
Financial Responsibility Clause — A provision within an automobile insurance policy which indicates that the policy holder has the minimum amount of coverage required by the state that he or she is driving in. Financial responsibility clauses are used to ensure that the driver… … Investment dictionary
financial responsibility clause — Provision in automobile insurance policy stating that the insured has at least the minimum amount of coverage required by state financial responsibility laws … Black's law dictionary
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