FINANCIAL-RESPONSIBILITY CLAUSE

By SovConn | January 23, 2016

financial-responsibility clause.Insurance. A provision in an automobile insurance policy

stating that the insured has at least the minimum amount of liability insurance coverage required

by a state’s financial-responsibility law. [Cases: Insurance 2737, 2756. C.J.S. Insurance ยงยง 422,

1027, 1031.][Blacks Law 8th]

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