Form LC-95 Proof of Financial Responsibility - Michigan

What Is Form LC-95?

This is a legal form that was released by the Michigan Department of Licensing and Regulatory Affairs - a government authority operating within Michigan. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form LC-95 Proof of Financial Responsibility?
A: Form LC-95 is a document used in Michigan to provide proof of financial responsibility for vehicle owners.

Q: Who needs to submit Form LC-95?
A: Any vehicle owner in Michigan who wants to demonstrate financial responsibility for their vehicle needs to submit Form LC-95.

Q: What is the purpose of Form LC-95?
A: The purpose of Form LC-95 is to show that the vehicle owner has the required insurance coverage or has made a sufficient bond deposit to meet the financial responsibility requirements in Michigan.

Q: What information is required on Form LC-95?
A: Form LC-95 requires information such as the vehicle owner's name, address, vehicle information, and the name and address of the insurance company or surety bond provider.

Q: How long is Form LC-95 valid for?
A: Form LC-95 is valid for one year from the date it is issued.

Q: What happens if I don't submit Form LC-95?
A: Failure to submit Form LC-95 or provide proof of financial responsibility can result in penalties, such as fines, license suspension, or vehicle registration suspension.