Which of the Following Is a System in Which Drivers

question 79

Multiple Choice

Which of the following is a system in which drivers involved in an accident collect medical expenses, lost wages, and related injury costs from their own insurance company?

• A)assigned risk pool
• B)no-fault insurance
• C)comprehensive system
• D)financial responsibility coverage
• E)uninsured motorist's protection

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Definitions:

Asset

Resources owned or controlled by a business or an individual that are expected to produce economic value or future benefits.

Dividends Account

An account in a company's financial records where dividend payments are recorded, reflecting distribution of profits to shareholders.

Debit Balance

A situation in accounting where the sum of debits exceeds the sum of credits, often indicating the amount owed or an asset's value.

Debt Ratio

A financial ratio that measures the extent of a company's or individual's leverage, calculated by dividing total liabilities by total assets.