No-Fault Personal Liability Automobile Insurance Is an Attempt to Distribute

question 14

True/False

No-fault personal liability automobile insurance is an attempt to distribute losses among the most accident-prone drivers.

---

Definitions:

Flotation Costs

Expenses incurred by a company in issuing new securities, including fees to underwriters, legal fees, and registration fees.

Rights Offering

A method by which a company raises additional capital by giving existing shareholders the right to buy new shares at a discount.

Subscription Price

The fee that investors pay when subscribing to a new issue of securities.