Rhode Island General Laws 31-32-2. “Proof of financial responsibility for the future” defined
(a) “Proof of financial responsibility for the future”, as used in this chapter, means proof of ability to respond in damages for liability, on account of accidents occurring subsequent to the effective date of the proof, arising out of the ownership, maintenance, or use of a vehicle of a type subject to registration under the laws of this state, in the amount of twenty-five thousand dollars ($25,000) because of bodily injury to or death of one person in any one accident, and, subject to the limit for one person, in the amount of fifty thousand dollars ($50,000) because of bodily injury to or death of two (2) or more persons in any one accident, and in the amount of twenty-five thousand dollars ($25,000) because of injury to or destruction of property of others in any one accident or seventy-five thousand dollars ($75,000) combined single limit.
Terms Used In Rhode Island General Laws 31-32-2
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
- proof: is synonymous with the term "proof of financial responsibility for the future". See Rhode Island General Laws 31-32-2
- State: means any state, territory, or possession of the United States, the District of Columbia, or any province of the Dominion of Canada. See Rhode Island General Laws 31-32-3
(b) Wherever used in this chapter, “proof of financial responsibility” or “proof ” is synonymous with the term “proof of financial responsibility for the future”.