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2. Surety - Wikipedia

   en.wikipedia.org/wiki/Surety

   Thus, the surety on a bond is usually an insurance company whose solvency is verified by private audit, governmental regulation, or both. [citation needed] A key term in nearly every surety bond is the penal sum. This is a specified amount of money which is the maximum amount that the surety will be required to pay in the event of the principal ...

3. Vehicle insurance in the United States - Wikipedia

   en.wikipedia.org/wiki/Vehicle_insurance_in_the...

   Yes, however financial responsibility should then be established through a surety bond or a deposit of $55,000 with the comptroller or the county judge. [40] Utah: 25/65/15: Vermont: 25/50/10: Virginia: 30/60/20: Since July 1, 2024, drivers are now required to have insurance. Initially, they had the option of paying $500 every year for driving ...

4. What happens if you drive without insurance in California? - AOL

   www.aol.com/finance/happens-drive-without...

   One way to prove you are able to be financially responsible for an accident is that you could deposit $35,000 cash with the California Department of Motor Vehicles (DMV) or get a $35,000 surety bond.

5. Bond insurance - Wikipedia

   en.wikipedia.org/wiki/Bond_insurance

   The economic value of bond insurance to the governmental unit, agency, or other issuer of the insured bonds or other securities is the result of the savings on interest costs, which reflects the difference between yield payable on an insured bond and yield payable on the same bond if it was uninsured—which is generally higher.

6. What is car insurance? - AOL

   www.aol.com/finance/car-insurance-145928623.html

   Car insurance is a contract between you and an insurer that offers financial protection if you are found liable for property, medical or other damages that result from a covered accident. And that ...

7. Casualty insurance - Wikipedia

   en.wikipedia.org/wiki/Casualty_insurance

   It may include marine insurance for shipwrecks or losses at sea, fidelity and surety insurance, earthquake insurance, political risk insurance, terrorism insurance, fidelity and surety bonds. One of the most common kinds of casualty insurance today is automobile insurance. In its most basic form, automobile insurance provides liability coverage ...