Affidavit of Financial Responsibility - Self-insurance is a legal document that was released by the Wisconsin Department of Agriculture, Trade and Consumer Protection - a government authority operating within Wisconsin.
Q: What is an Affidavit of Financial Responsibility?
A: An Affidavit of Financial Responsibility is a legal document that demonstrates an individual's ability to cover potential costs arising from an accident or other liabilities.
Q: What is self-insurance?
A: Self-insurance is when an individual or entity assumes the responsibility for covering potential costs instead of purchasing traditional insurance.
Q: What is the purpose of submitting an Affidavit of Financial Responsibility?
A: Submitting an Affidavit of Financial Responsibility demonstrates that you have the financial means to cover potential costs instead of purchasing car insurance.
Q: Who is eligible to submit an Affidavit of Financial Responsibility?
A: In Wisconsin, individuals who meet certain criteria, such as having a net worth of at least $250,000, may be eligible to submit an Affidavit of Financial Responsibility.
Form Details:
Download a printable version of the form by clicking the link below or browse more documents and templates provided by the Wisconsin Department of Agriculture, Trade and Consumer Protection.