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Are non profit vehicles exempt from carrying liability insurance?
Wiki User
∙ 16y ago
Non Profit Vehicles are not Exempt from Financial Resposibility Laws. All Motor Vehicle Operators must be able to demonstrate financial responsibilty. Even Municipal and Government vehicles must maintain suitable financial responsibility. Remember, The law does not require that we buy liability Insurance. Obtaining at least Liabilty Insurance is the most common and cost effective way for most people to demonstrate Financial Responsibility. Another Option for demonstrating Financial Responsibility is to place a cash bond with your state of residence in the prescribed amount sufficient to cover any future claim. This option is most often used by businesses and higher income individuals. After filing you will be issued a bond certification which you can use in lew of buying liability insurance. You are then considered to be self insured.
Wiki User
∙ 16y ago
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Do you need liability insurance for a nonprofit social club going on bus trips?
If you want to protect your non profit organization from exposure to law suits, it would be advisable to obtain coverage. Non Profits are not exempt from financial liability.
What is the meaning of exempttion?
The state of being exempt, immunity. Exempt - free from some liability which others are subject.
Are auto warranty companies exempt from carrying general liability insurance coverage?
No - they are not exempt - there really is no requirement for General Liability insurance such as there is in some states for auto insurance. To my knowledge there are no general laws that require any company to carry General Liability insurance. There may be local or state laws that require proof of insurance to access privileges, such as being licensed to conduct business in a town or state. Many entities require proof of coverage such as customers, lienholders, mortgagees, licensing entities (city, state, business, professional licenses), and many more. I do not believe there is a blanket "law" or requirement that applies to all business entities. In practical fact, it is the stakeholders in and around any business that "require" insurance to make the risk of doing business with the entity one that is somewhat controlled. Auto warranty companies may be only selling a promise to provide a service through another entity - the dealer or repair shop - and therefor try to advise an unhappy customer that they don't need insurance, i.e. go see the entity that was to provide the maintenance/repair. That does not mean the warranty company does not have insurance; most probably they carry both General Liability and Professional Liability. It is most likely they carry a VERY high deductible and REINSURE the rest and are probably part of a Risk Retention Group which further reinsures the exposure.
Are 1965 vehicles exempt from smog test in Nevada?
Yes
What year do vehicles become tax exempt?
After 25 years
Are 1979 vehicles smog exempt?
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HOW OLD DOES A CAR HAVE TO BE TO BE TAX EXEMPT IN bRITAIN?
Vehicles made before 1st Jan 1977 are exempt from 1st April 2017
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no
Do you pay taxes on house insurance claim?
income taxes ? no insurance payments are exempt
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Can government exempt vehicles drive through FastTrack without paying?
yes
Are health insurance premiums exempt from fica tax?
Yes they are.
