Which Statement Is Not True About No-Fault Insurance Systems

question 124

Multiple Choice

Which statement is not true about no-fault insurance systems?

• A)They are intended to reduce the time and cost associated with the settlement of automobile injury cases.
• B)The systems vary from state to state.
• C)Some states include property damage in the coverage.
• D)Some states set limits on medical expenses,lost wages,and other claim settlements.
• E)In recent years,all 50 states had some variation of the system.

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Definitions:

Target Profit

The amount of net income a company aims to achieve for a specific period by setting certain sales targets and cost controls.

Monthly

Pertaining to something that occurs, is done, or calculated on a month-to-month basis.

Unit Sales

The total number of individual units of product sold by a company during a certain period of time.

Target Profit

The desired net income a company aims to achieve within a specific period, often used for setting sales targets and pricing strategies.