What is the main purpose of establishing financial responsibility under the Transportation Code?

The main purpose of establishing financial responsibility under the Transportation Code is to ensure that drivers can cover the costs associated with damages resulting from accidents. This requirement is designed to provide a level of financial security for individuals who may be injured or incur damages due to a vehicle operation. By mandating that drivers have adequate insurance or other means of financial responsibility, the law helps to guarantee that victims of accidents can receive compensation for their losses, which in turn supports accountability among drivers. Ensuring the operation of vehicles with such financial backing is crucial for fostering a responsible driving culture and maintaining public safety on the roadways.