People Twitter

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A cut, sure, but the whole fuckin thing? (lemmy.dbzer0.com)

submitted 1 week ago by Stamets@lemmy.dbzer0.com to c/whitepeopletwitter@sh.itjust.works

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[–] Rivalarrival@lemmy.today 1 points 6 days ago (1 children)

YOU ARE REQUIRED BY LAW TO GIVE A CORPORATION MONEY IN RETURN FOR NOTHING IF

You aren't, actually. You can obtain a Financial Responsibility Bond in lieu of insurance. An FR bond is where you deposit a certain amount of cash in an interest bearing account. If the courts determine you are responsible for damages accrued while driving, and you fail to pay those damages directly, they are taken out of your FR bond.

[–] JargonWagon@lemmy.world 2 points 5 days ago (1 children)

What fucking black magic are you dropping here so nonchalantly? I'm looking this up, and I'm going to be very upset if you're right.

[–] Rivalarrival@lemmy.today 2 points 5 days ago

Every state has this. It's not commonly used, but it does exist. In my state, you need to deposit $30,000 with the state treasurer. When you stop driving and no longer need it, you can withdraw it.

Look at the "bond" section of your state's proof of financial responsibility requirements.