Financial responsibility definition

Financial responsibility means the ability to respond in damages for liability thereafter incurred
Financial responsibility means the ability to respond in damages for liability thereafter incurred arising out of the ownership, maintenance, use, or operation of a motor vehicle, in the amounts provided for in § 46.2-472.

Examples of Financial responsibility in a sentence

  • Financial responsibility of owners or operators of terminal facilities.

  • Financial responsibility for the repair or replacement of any damage to the computer and/or software.

  • Financial responsibility for the ascertaining of the extent of the problem caused by my actions.


More Definitions of Financial responsibility

Financial responsibility means the ability to respond in damages for liability for an accident that:
Financial responsibility means the ability to respond in damages for liability resulting from traffic accidents arising out of the ownership, maintenance or use of a motor vehicle of a type subject to registration under the laws of New Mexico, in the amounts not less than that specified in the Mandatory Financial Responsibility Act [66-5-201 to 66-5-239 NMSA 1978]; the term includes a motor vehicle liability policy, a certified motor vehicle liability policy, a surety bond or evidence of a sufficient cash deposit with the state treasurer;
Financial responsibility means the ability to satisfy the requirements established in
Financial responsibility means the mechanism by which a person who has a financial obligation satisfies that obligation.
Financial responsibility. MCPs are responsible for the payment of Medicaid-covered prescription drugs prescribed by a CMHC or ODADAS-certified provider when obtained through an MCP’s panel pharmacy. MCPs are also responsible for the payment of Medicaid-covered services provided by an MCP’s panel laboratory when referred by a CMHC or ODADAS-certified provider. Additionally, MCPs are responsible for the payment of all other behavioral health services obtained through providers other than those who are CMHC or ODADAS-certified providers when arranged/authorized by the MCP. MCPs are not responsible for paying for behavioral health services provided through CMHCs and ODADAS-certified Medicaid providers. MCPs are also not required to cover the payment of partial hospitalization (mental health), inpatient psychiatric care in a free-standing inpatient psychiatric hospital, outpatient detoxification, or methadone maintenance.