This topic contains a solution. Click here to go to the answer

Author Question: Some states do not require an individual to demonstrate the ability to pay an automobile liability ... (Read 63 times)

ashley

  • Hero Member
  • *****
  • Posts: 584
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.

Question 2

Some insurance companies intentionally seek to insure motorists with poor driving records. These insurers commonly insure drivers who have been turned-down or canceled by other insurers.
 
  What name is given to insurers who provide coverage to these higher-than-average risks drivers?
  A) alien insurers
  B) guaranty fund insurers
  C) specialty insurers
  D) surplus lines insurers



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tandmlomax84

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

Answer: B

Answer to Question 2

Answer: C




ashley

  • Member
  • Posts: 584
Reply 2 on: Jul 11, 2018
YES! Correct, THANKS for helping me on my review


phuda

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

For a complete list of videos, visit our video library