What is failure to maintain financial responsibility

What can you do? Adopt an Animal Apply for a Jump to subpage If you have been charged with Failure to Maintain Financial Responsibility, No Insurance , you must appear in the court on or before your appearance date to do one of the following: If you have insurance, you must present a valid insurance card or policy which was in effect at the date and time of your offense.

Upon verification of your insurance coverage, your citation will be presented to the Judge for dismissal. Why DefensiveDriving. Lowest Price and shortest courses available by law! By law, our course length is 6 hours. Our courses offer the required 5 hour study time and a 1 hour break. View more course details Ok, got it! Defensive Driving Reviews 4. You can start and stop the course at any time and take as long as you need to complete it.

We are also one of the only course providers to offer mobile and tablet friendly programs. You have full control to study at a time and place that suits your needs! Instant Certificate Download.

Download Your Certificate of Completion the moment you finish the course! We also offer certificate delivery by standard mail or FedEx Next Day. Choose whatever option fits you best. Insurers might increase the rates they charge an individual who failed to comply with financial responsibility laws and it may even be difficult to find a company that will offer coverage altogether.

Lack of compliance with these laws can put other assets, such as a home, at risk if the vehicle owner does not have the financial resources to pay for damages that stem from accidents they are held liable for. Virginia Department of Motor Vehicles. State of New Hampshire Insurance Dept. Accessed Dec. Car Insurance. Personal Finance. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page.

These choices will be signaled globally to our partners and will not affect browsing data. We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Your Practice. Popular Courses. What Is Financial Responsibility Law? Key Takeaways Financial responsibility law commonly associated with vehicles requires an individual or business to prove that they have enough money or assets to pay for damages resulting from an accident.

Financial responsibility laws are state-specific, so they may vary depending on where the individual lives, and a failure to comply could lead to stiff penalties. Most auto insurance policies provide enough coverage to satisfy the requirements of financial responsibility laws, so keeping even the minimum amount of coverage can protect you from violating them. Article Sources. Investopedia requires writers to use primary sources to support their work.

These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.