Multiple Choice
Some states do not require an individual to demonstrate the ability to pay an automobile liability claim until after the individual has been involved in an accident or has been convicted for certain offenses,such as driving under the influence of alcohol.This approach to dealing with compensating innocent auto accident victims is called a(n)
A) unsatisfied judgement fund.
B) financial responsibility law.
C) uninsured motorist law.
D) compulsory insurance law.
Correct Answer:

Verified
Correct Answer:
Verified
Q22: Which of the following statements about reinsurance
Q23: Under financial responsibility laws,proof of financial responsibility
Q24: All of the following are arguments for
Q25: All of the following are major rating
Q26: Which of the following statements about the
Q28: Which of the following statements about joint
Q29: Which of the following statements is (are)true
Q30: Arguments often used against no-fault automobile insurance
Q31: A no-fault law under which benefits are
Q32: Defects of financial responsibility laws include which