What is a financial responsibility form?
A financial responsibility form is a high-risk insurance filing, also known as an SR22 certificate. (Florida and Virginia have a different certificate – FR44 – specifically for DUI/DWI cases.) Attaching an SR22 certificate to an auto or non-owner insurance policy allows you to reinstate your suspended driver’s license.
A financial responsibility form addresses the state’s need to ensure that high-risk drivers remain insured. Most states have financial responsibility laws requiring licensed drivers to carry minimum auto liability insurance coverage. In this case, financial responsibility means that you will reimburse others for damage or injury that you may cause while operating a vehicle.