Examlex
One of the business risks of licensing is:
No-fault Insurance
An auto insurance system where policyholders are compensated for minor injuries regardless of the fault in the accident, limiting the right to sue.
Jurisdictions
The authority of an organization or institution to make and enforce laws or policies in a specific area or over certain types of cases.
Strict Liability
A legal doctrine where a party can be held liable for damages without proof of fault or negligence.
No Fault
A legal term indicating that a claim or case is processed without the necessity to prove negligence or fault by any party involved.
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