All of the following are arguments for no-fault automobile insurance laws EXCEPT

A) No-fault is unnecessary as it's easy to determine which driver was negligent when a multiple-vehicle accident occurs.
B) A large portion of each premium dollar is used for purposes other than compensating accident victims for their losses.
C) There are delays in compensating accident victims under the tort system.
D) Seriously injured accident victims tend to be overcompensated, while those with small economic losses are inadequately indemnified.


Answer: D

Business

You might also like to view...

An analysis of the client's internal control over cash and marketable securities should take place during the performance of the substantive tests on these accounts

a. True b. False Indicate whether the statement is true or false

Business

Cuisine Royale, a restaurant chain, has introduced many Asian and Mexican dishes in the menu. This was done because the top management had recognized that the number of their customers from minority groups was increasing

This scenario illustrates how _____ factors influence marketing decisions. a. environmental b. demographic c. legal d. ethical

Business

On March 1, 2016, Mandau Services issued a 3% long-term notes payable for $15,000 It is payable over a 3-year term in $5,000 principal installments on March 1 of each year, beginning March 1, 2017. Each yearly installment will include both principal repayment of $5,000 and interest payment for the preceding one-year period. What is the amount of total cash payment that Mandau will make on March 1, 2017?

A) $5,000 B) $5,450 C) $15,000 D) $5,225

Business

All the following are true about schedule rating except:

A) used in rating some commercial buildings B) analyzes each property individually C) starts with a rate for a standard building in the same city as the building being rated D) the rate is looked up based upon a few rating factors such as construction type and territory

Business