financial responsibility clause

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 §§ 422, 1027, 1031.]

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词条贡献者

资深译员Dan，毕业于美国顶尖的高级翻译学院，专注翻译各种与消费者集团诉讼有关的法律文件。