Some Jurisdictions Have Instituted "No Fault" Insurance Programs

question 144

Multiple Choice

Some jurisdictions have instituted "no fault" insurance programs. Which of the following statements is true?

• A) Under common law, if a person is not at fault, damages can always be recovered in tort.
• B) No fault insurance means no compensation for loss.
• C) No fault insurance assumes there is a voluntary assumption of risk.
• D) There is always an assumption of contributory negligence under no fault insurance programs.
• E) Under no fault programs, people are treated the same and compensated for their injuries whether they are at fault or not.

Reflect on personal role tendencies within group settings in terms of task and relationship orientations.

Examine roles within family units and compare them to roles within other small groups.

Describe the development of norms within groups, drawing from specific studies.

Identify causes and examples of role conflict in specific contexts, including college environments.

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Definitions:

Debt/equity Ratio

The proportionality ratio of debt to equity in the context of funding a company's assets.

Optimal Capital Structure

The best mix of debt, equity, and other financial instruments that maximizes a company's value while minimizing its cost of capital.

Increased Benefit

An enhancement or improvement in the terms or amount of an insurance or investment product's payouts.

Bankruptcy Costs

Expenses and losses incurred during the process of declaring bankruptcy, including legal fees, loss of creditworthiness, and potential asset liquidation.