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.

Financial responsibility means proof of financial accountability as a condition to acquiring eligibility to the fund in accordance with rule 1301:7-9-05 of the Administrative Code adopted by the fire marshal pursuant to section 3737.882 of the Revised Code.

Examples of Financial responsibility in a sentence

• Financial responsibility for Services that an employer or government agency is required by law to provide.

• Financial responsibility assurance in the amount and form required in this section shall be maintained for the term of the certification of the business firm.

• Financial responsibility remains with the Customer for all fees unless a proper cancellation or rescheduling request is received and confirmed by SAP prior to the start of the Course.

• Financial responsibility is a core component of decentralization.

• CODE r.20.03.02.071(01), Permanent Closure Plan Approval Required (Financial responsibility is required to ensure that all reclamation activities included in an approved reclamation plan and that all closure activities in an approved permanent closure plan are completed for surface mining operations and cyanidation facilities, respectively); MINN.

More Definitions of Financial responsibility

Financial responsibility means a demonstration of a current and expected future condition of financial solvency evidencing a reasonable expectation to the division and the board that an applicant or licensee can successfully engage in business as a contractor without jeopardy to the public health, safety, and welfare.

Financial responsibility means the ability to respond in damages for liability for an accident that:

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 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 amounts not less than specified in the Mandatory Financial Responsibility Act [66-5-201 NMSA 1978] or having in effect a motor vehicle insurance policy. "Financial responsibility" includes a motor vehicle insurance policy, a surety bond or evidence of a sufficient cash deposit with the state treasurer;

Financial responsibility means the ability to respond in damages for liability arising out of the ownership, maintenance or use of a motor vehicle in the provision of transportation services;

Financial responsibility means an obligation to pay a sum of money awarded by an arbitration tribunal or agreed as part of a settlement and including the costs arising from the arbitration;