F
Financial responsibility
The legal obligation to prove you can pay for damages you cause, usually satisfied by insurance or a bond.
Glossary
8 entriesF
FR-44
A Florida and Virginia filing that requires 100/300/50 liability limits, roughly double an SR-22 requirement.
S
SR-22
A certificate of financial responsibility filed by an insurer to prove a driver carries liability coverage.
L
Lapse
Any day without active coverage, which triggers a report from the insurer and usually a suspension.
O
Owner-operator filing
An SR-22 tied to a specific vehicle, required when the driver owns the car.
R
Reinstatement fee
A state charge to restore a suspended licence, separate from any insurance cost.
S
SR-22 surcharge
The portion of a premium attributable to the filing requirement, typically fading three to five years after the conviction.
N
Non-standard insurance
Coverage written for drivers with violations, lapses or no prior history, priced higher than standard auto insurance.