What law requires owners and operators of motor vehicles to financially responsible for damages?

The law that requires owners and operators of motor vehicles to be financially responsible for damages is commonly referred to as financial responsibility laws or compulsory insurance laws. These laws mandate that drivers must carry a minimum amount of liability insurance to cover damages or injuries they may cause in an accident. The specific requirements can vary by state, but the primary goal is to ensure that victims of car accidents can receive compensation for their losses.