Transcription of Financial Responsibility Programs - IICMVA
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Financial Responsibility Programs - IICMVA
Financial Responsibility PROGRAMSAND PROCEDURES GUIDEOCTOBER, 1997 COMPILED BYINSURANCE INDUSTRY COMMITTEEONMOTOR VEHICLE ADMINISTRATION- 2 -The Insurance Industry Committee on Motor Vehicle Administration ( IICMVA ) consists ofrepresentatives from the three property/casualty trade associations, their affiliated membercompanies and independent companies. Its members write most of the motor vehicle andcommercial insurance in the United States. The IICMVA is not a lobbying organization nor is itinvolved in legislation. Its function is to be a liaison between the insurance industry and statemotor vehicle departments. The IICMVA advises and assists these agencies in theimplementation of laws such as those relating to Financial Responsibility , compulsory security,driver licensing and motor vehicle 5 - Financial Responsibility PROGRAMSAND PROCEDURES GUIDEINTRODUCTIONC ertification of liability insurance coverage for the future is a basic element in all financialresponsibility laws.
- 5 - FINANCIAL RESPONSIBILITY PROGRAMS AND PROCEDURES GUIDE INTRODUCTION Certification of liability insurance coverage for the future is a basic element in all financial
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