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:

Financial Aid

Monetary assistance provided to individuals to support them in covering the costs of education, housing, or other expenses.

Normative Statement

Statements that express opinions about what ought to be, reflecting values or judgements rather than factual assertions.

Social Security

A government program that provides financial assistance to people with an inadequate or no income, primarily the elderly, disabled, and families of deceased workers.

Economic Policy

Strategies and actions taken by the government or regulatory bodies to influence the economy's behavior and outcomes.