The Versions of Mandatory No-Fault Automobile Insurance Currently in Effect

question 80

Multiple Choice

The versions of mandatory no-fault automobile insurance currently in effect in most states with such laws​

• A)reduce the number of automobile accidents.
• B)reduce the number of claims for damages resulting from automobile accidents.
• C)pay damages suffered of specified kinds up to specified limits without regard to fault and without litigation.
• D)pay full damages to both parties regardless of fault and without litigation.

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Definitions:

Independence

The state or quality of being self-reliant and free from outside control, capable of making decisions and acting on one's own.

Anticonformity

Behavior that opposes or rejects social norms and standards, deviating from group expectations consciously.

Surrogate Consumer

An individual who is hired or designated to make purchasing decisions on behalf of another person.

Ultimate User

The final consumer who uses a product or service for its intended purpose, as opposed to those who may purchase for resale or as intermediaries.