Nevada Revised Statutes 485.105 – ‘Proof of financial responsibility’ defined
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‘Proof of financial responsibility’ means proof of ability to respond for the future in damages for liability, on account of crashes occurring subsequent to the effective date of that proof, arising out of the ownership, maintenance or use of a motor vehicle, in the amounts specified in NRS 485.185.
Terms Used In Nevada Revised Statutes 485.105
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.