term1 Definition1term2 Definition2term3 Definition3
Please sign in to your Google account to access your documents:
IMVFRL
IA Motor Vehicle Financial Responsibility Law
2 reasons requiring owners to show financial responsibility
1. if their vehicle is stopped by a police offer
2. for an auto accident w/damages >$1,500
persons must carry this in their vehicle as evidence of financial responsibility
identification card
the ability to respond to liability on account of accidents arising out of the operation of a motor vehicle
financial responsibility
3 methods that can demonstrate financial responsibility
1. auto liability insurance
2. posting a bond
3. qualifying as self-insured
proof of future financial responsibility
SR-22
$20K/$40K/$15 or a CSL of $55k
minimum auto liability requirements for BI and PD
every iowa insurance carrier must OFFER every applicant body this coverage
BI for uninsured and underinsured drivers equal to at least the state minimum
minimums for UI/UIM
$20K/$40K
a driver with no valid insurance/bond
(UM) Uninsured Motorist
Need help typing ? See our FAQ (opens in new window)
Please sign in to create this set. We'll bring you back here when you are done.
Discard Changes Sign in
Please sign in to add to folders.
Sign in
Don't have an account? Sign Up »
You have created 2 folders. Please upgrade to Cram Premium to create hundreds of folders!