Financial responsibility laws require owners to prove they have enough resources to pay for damages resulting from a car accident.

Question

Quizplus · Accepted Answer

Financial responsibility laws, also known as "proof of financial responsibility" laws, require car owners to show that they can cover the costs of damages resulting from a car accident, either through insurance or by demonstrating that they have sufficient assets to pay for the damages out of pocket. Failure to comply with these laws can result in penalties such as fines, license suspension, or even impoundment of the vehicle.

Financial Responsibility Laws Require Owners to Prove They Have Enough