Proof of Financial Responsibility (Insurance) You are required to provide proof of financial responsibility to the BMV after being involved in an accident or certain traffic violations. Common Suspension, Reinstatement, and Insurance Forms. ... Toll Violation Registration Holds.
Insurance is a means of protection from financial loss. It is a form of risk management primarily hedged against any uncertain future loss. The functions of insurance are risk sharing, assisting in capital formation, economic progress, etc. Lending of funds is not a function of insurance.
In California, a DUI violation can boost your annual car insurance cost by an average of $3,069. That's 64% more than the national average rate hike following a DUI. Apr 28, 2022