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Steel Valley Football
Posts: 4,548
Aug 23, 2012 10:26am
O-Trap;1252872 wrote:You have to prove the financial ability to cover damages to a reasonable degree if you don't have it, don't you?
Of course. A bond or similar FR document. CA is just being technical. He knew what I meant - insurance or the equivalent.
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Con_Alma
Posts: 12,198
Aug 23, 2012 10:31am
Yes. The point being that forced commerce doesn't exist in this case. You are not required to purchase insurance or even a surety bond.O-Trap;1252872 wrote:You have to prove the financial ability to cover damages to a reasonable degree if you don't have it, don't you?
That "reasonable degree" is $30,000.00.
O-Trap
Posts: 14,994
Aug 23, 2012 10:32am
Fair enough. The hypothetical can still be discussed, though.Con_Alma;1252885 wrote:Yes. The point being that forced commerce doesn't exist in this case. You are not required to purchase insurance or even a surety bond.