financial responsibility act

financial-responsibility act. A state statute conditioning license and registration of motor vehicles on proof of insurance or other financial accountability. [Cases: Automobiles 43; Insurance 2737. C.J.S. Insurance §§ 1027, 1031; Motor Vehicles §§ 223–224.]

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词条贡献者

译者晓晨，毕业于世界顶级翻译学院，擅长翻译各种与反垄断咨询与合规相关的法律文件。