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

Examples of Financial responsibility in a sentence

  • Financial Responsibility: You are financially responsible for all services if your insurance coverage is inactive, terminated, or does not cover our services for any reason.

  • Financial Responsibility - the transporting provider shall be responsible for seeking reimbursement from the patient(s) transported.


More Definitions of Financial responsibility

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.
Financial responsibility means the ability to satisfy the requirements established in
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;
Financial responsibility means a demonstration of a current and expected
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 arising out of the ownership, maintenance or use of a motor vehicle in the provision of transportation services;
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.