Parents' or guardians' signatures - accepting liability for a minor
When parents or guardians sign for a minor to get a driver license, they are stating that they will accept financial responsibility for that minor. Financial responsibility in California requires that drivers and vehicle owners carry the following minimum monetary limits:
$15,000 for injury or death of 1 person per accident
$30,000 for injury or death of 2 or more persons per accident
$5,000 for any property damage per accident
Evidence of financial responsibility must be carried at all times in the vehicle. Most Californians maintain financial responsibility through insurance companies, which provide the policy holder with an identification card to be used as evidence of coverage. The card must state the insurance company's name and address, the period of coverage, and policy number.