Every state requires that each person be able to prove he is financially prepared if involved in an accident. Suppose your state requires minimum liability limits of 25/50/10. What is the name of that law?

Insurance

Are you having trouble answering the question “Every state requires that each person be able to prove he is financially prepared if involved in an accident. Suppose your state requires minimum liability limits of 25/50/10. What is the name of that law?”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.

Every state requires that each person be able to prove he is financially prepared if involved in an accident. Suppose your state requires minimum liability limits of 25/50/10. What is the name of that law?

Answer: Financial responsibility law.

You should now have gotten the answer to your question “Every state requires that each person be able to prove he is financially prepared if involved in an accident. Suppose your state requires minimum liability limits of 25/50/10. What is the name of that law?”, which was part of Insurance MCQs & Answers. Thanks for choosing us.