Financial Responsibility Clause


Definition of "Financial responsibility clause"

George Cain real estate agent
George Cain, Real Estate Agent William Pitt Sothebys International Realty

Provision in automobile insurance, such as the personal automobile policy (pap), stating that a particular policy furnishes adequate coverage, the minimum of which is at least equal to that required by the financial responsibility laws in the state in which the insured is driving.

 

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