Financial Responsibility Clause

Definition of "Financial responsibility clause"

Chad  Howery real estate agent
Chad Howery, Real Estate Agent Donna and Team New Bern with Keller Williams 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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