GOOD MORNING, EVENING & NIGHT TEXANS
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GOOD MONDAY & MORNING INFO
Texas Financial Responsibility Law: Minimum Auto Liability Insurance Limits have Increased
The minimum coverage amount required by the state’s financial responsibility law is $25,000 for each injured person, up to a total of $50,000 per accident, and $25,000 for property damage.
The limits will increase on January 1, 2011, to $30,000 for each injured person, up to a total of $60,000 per accident, and $25,000 for property damage per accident.
Violating the Law
There are severe penalties for violating the state’s financial responsibility law. A first conviction will result in a fine between $175 and $350. Subsequent convictions could result in fines of $350 to $1,000, suspension of your driver’s license, and impoundment of your automobile
Taxes
http://www.mcginnislaw.com/pub_pres/...1_rpp_5.10.pdf
The minimum coverage amount required by the state’s financial responsibility law is $25,000 for each injured person, up to a total of $50,000 per accident, and $25,000 for property damage.
The limits will increase on January 1, 2011, to $30,000 for each injured person, up to a total of $60,000 per accident, and $25,000 for property damage per accident.
Violating the Law
There are severe penalties for violating the state’s financial responsibility law. A first conviction will result in a fine between $175 and $350. Subsequent convictions could result in fines of $350 to $1,000, suspension of your driver’s license, and impoundment of your automobile
Taxes
http://www.mcginnislaw.com/pub_pres/...1_rpp_5.10.pdf