Respuesta :
Financial responsibility law, commonly associated with vehicles, are statutes that require an individual or business to show that they can pay for damages resulting from an accident.
Financial responsibility law does not specifically require the party to have insurance coverage. financial responsibility the legal requirement for a car owner to demonstrate his ability to pay losses, either by purchasing insurance or providing other proof of financial strength. to ensure drivers have adequate liability insurance. being financially responsible means that you have a process for managing your money that is productive and in your overall best interest. a cornerstone of financial responsibility is saving to protect yourself and the things you own. californias mandatory financial responsibility law can be found in the california vehicle code sections 16000 through 16078. this law requires vehicle owners and drivers to show proof of financial responsibility for any damage or injury they cause in an accident. of transit, up to certain minimum required amounts.
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