All of the Following Are Arguments for No-Fault Automobile Insurance

question 24

Multiple Choice

All of the following are arguments for no-fault automobile insurance laws EXCEPT

• A)No-fault is unnecessary as it's easy to determine which driver was negligent when a multiple-vehicle accident occurs.
• B)A large portion of each premium dollar is used for purposes other than compensating accident victims for their losses.
• C)There are delays in compensating accident victims under the tort system.
• D)Seriously injured accident victims tend to be overcompensated,while those with small economic losses are inadequately indemnified.

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Definitions:

Plan Assets

Assets that are held by a retirement plan, pension scheme, or other fund that are specifically set aside to pay retirees or fund future retirements.

Employer's Contribution

The amounts paid by an employer towards employee benefits, such as pension plans, health insurance, and social security.

Distributions to Retirees

Payments made from a pension, retirement plan, or profit-sharing plan to retired employees or beneficiaries.

Marginal Tax Rates

The percentage of tax applied to an individual's or entity’s income for every additional dollar earned, indicating the rate at which the next dollar of taxable income will be taxed.