MANAGEMENT

Detailed explanation-1: -The financial responsibility law states that the driver of a vehicle is responsible for any bodily injury or damage to property caused by his or her driving and that the driver must purchase vehicle insurance to cover these kinds of financial damages.

Detailed explanation-2: -Ultimately, financial responsibility means living within your means, regardless of the level of those means. So take a close look at your financial situation, evaluate your earning and spending habits, and make the necessary adjustments to put yourself on responsible financial footing.

Detailed explanation-3: -Safety and Financial Responsibility Law Driver Services. The Illinois Safety and Financial Responsibility Law applies to all traffic crashes resulting in personal injury claim in excess of $500, death or property damage in excess of $500.