Since they can afford to pay any damage they cause...
2007-03-27 11:24:11 · 5 answers · asked by Redeemed 5 in Politics & Government ➔ Law & Ethics
In the state of Texas, you can lodge a bond for the total amount of insurance that is required by law in lieu of carrying insurance. I don't know if this applies in other states. We have a way of doing our own thing around here!
2007-03-27 11:33:24 · answer #1 · answered by RetroGirl 6 · 1⤊ 0⤋
Yes, they are required to purchase a minimum level of liability insurance.
2007-03-27 11:33:26 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Every one is required to at least have a minimum coverage or purchase a bond to cover.
2007-03-27 11:31:53 · answer #3 · answered by Anonymous · 1⤊ 0⤋
not here in california. anyone, millionaire or illegal allien, can post a bond in lieu of securing insurance.
2007-03-27 11:37:04 · answer #4 · answered by Straycat 2 · 1⤊ 0⤋
In California it doesnt matter how much money you have it's the law to have insurance
2007-03-27 11:32:04 · answer #5 · answered by Crazy cat lady >^ ^< 4 · 1⤊ 0⤋