As (bad)luck would have it, I live in Texas.
Although I have chosen to return to electrical engineering; I, proudly, spent fifteen years as an underwriter for Lloyds of London. There are many very smart people here at FreeRepublic; some of which possess insurance knowledge that I would bow to. I would welcome any of their correction.
By any measure, I am intimately familiar with P&C insurance...its workings, and its requirements. Confess your ignorance, & be forgiven.
Auto liabilty insurance is not mandatory in Texas. It is not mandatory for personal auto libility, or even commercial.
Texas, like every state, requires evidence of financial liability/responsibility(on autos). The Texas Department of Insurance clearly spells out three different ways this requirement can be satisfied....a current insurance policy is but one of them.
Even as a homeowner, I'm required to carry "slip and fall"
"Slip & fall", knowlingly referred to as liability(casualty) coverage, is not a requirement of homeowners by Texas law. Casualty, and property, coverage is something that any responsible person would carry, whether required to or not.
Thankfully, there are a great many subjects of which I remain ignorant. Because of that, tomorrow holds great promise, and interest for me. P&C insurance is not one of those subjects.
Anything of which you are ignorant, you should be modest when discussing. Do not substitute arrogance for opportunity.
Anything of which you are ignorant, you should be modest when discussing...
But I like mouthing off on sujects about which I know little or nothing. After a few beers I even understand string theory.