Mandatory Insurance
/ˈmændətɔːri ɪnˈʃʊərəns/
Definitions
- (n.) Insurance required by law or regulation to ensure coverage for certain risks or liabilities.
Many jurisdictions impose mandatory insurance for drivers to cover liability in case of an accident.
Forms
- mandatory insurance
Related terms
See also
Commentary
Mandatory insurance is distinguished from voluntary insurance by its legal compulsion, often designed to protect public interests or vulnerable parties.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.