FINANCIAL RESPONSIBILITY LAW

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закон о финансовой ответственности:1) закон некоторых штатов США, требующий от владельцев автомобилей подтверждения наличия финансовых ресурсов для оплаты ущерба от аварий, за которые они несут ответственность; минимальный размер таких ресурсов определяется законом;2) закон в некоторых штатах, определяющий минимальную сумму страхового покрытия в случае полиса страхования ответственности владельца автомобиля;см. personal automobile policy.

A law which requires an individual to prove that he or she is able to pay for damages resulting from an accident. A financial responsibility law does not specifically require the individual to have insurance coverage; instead, the law requires the individual to be able to demonstrate the financial capacity to pay, even if the individual is not at fault. This type of law is commonly associated with automobiles.

Financial responsibility laws exist because not all states have a compulsory insurance law. However, many states consider an individual with an insurance policy to be compliant with a financial responsibility law, since most insurance policies have a minimum coverage that meets the state standard.