Financial Responsibility Laws
November 8th, 2008Financial Responsibility Laws
Like all other states, Arizona has financial responsibility laws which mean that if you are involved in an accident you will be asked to present proof of your ability to cover the cost of damages caused up to a minimum amount. To comply with this law most drivers buy automobile liability insurance.
Within 30 days of registration. If you’ve had an accident you will be required to present proof of Insurance/financial responsibility at the time of the accident. Further, the State requires that you have proof of insurance at all times in your vehicle. In most cases a card issued by the insurer is sufficient.
According to Arizona Auto Insurance Law, if you’ve had an accident or you have been arrested, your insurance company will be required to verify that your policy is in good standing. Your insurance company must also inform the Arizona Department of Motor Vehicle if you cancel or fail to renew your policy. And according to Arizona computer data law, insurance companies are required to submit their entire list of policies in force, which the State may compare with registrations.