You must comply with the Financial Responsibility Law (prove you are insured with liability insurance) if:?

Question

You must comply with the Financial Responsibility Law (prove you are insured with liability insurance) if:?

Answer 1

You operate a motor vehicle upon the public roads.

Answer 2

Also, the Financial Responsibility Law does not require you have liability insurance, it requires you to show proof of financial responsibility.

In Texas, I can put up a $75k surety bond and be covered just fine or have a $1 million dollar liquid net worth.  Both would be accepted.