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Insurance & Risk Management
18. Chapter 21: Auto Insurance and Society/Approaches for Compensating Auto Accident Victims
18. Chapter 21: Auto Insurance and Society Illustration
Syllabus Slides

Approaches for Compensating Auto Accident Victims

01.Core Concepts

Low-cost auto insurance provides minimum amounts of liability insurance at reduced rates to motorists who cannot afford regular insurance Goal is to reduce the number of uninsured drivers Several states have enacted “no pay, no play” laws which restrict uninsured motorists from suing negligent drivers for noneconomic damages