AINS 22 Chapter 2

5. insured can chose whether to be covered on a modified no-fault plan or not
6. A state-wide pool to which insurers can assign premiums and losses for high risk drivers
7. this type of no-fault plan places some restrictions on the right to sue an at-fault driver but does not entirely eliminate the right.
9. organization that designates serving insurers to handle high-risk insurance business (3)
13. these insurers may accept applications, but underwriting responsibilities are transferred to a pool or shared proportionally by all insurers in that market.
14. Provides additional limits of coverage to the victim when the at-fault drivers’ limits are insufficient
17. injured motorist can sue for noneconomic losses if stated loss amount has been exceeded (2)
18. these laws prohibit uninsured drivers from initiating lawsuits for noneconomic damages such as pain and suffering(4)
19. compensates an insured for a hit and run driver (2)
20. an injured motorist can sue for noneconomic losses if their injuries meet a verbal description of serious injures (2)

1. requirements become effective only after an accident, conviction or judgement (2)
2. auto insurance that is intended to decrease the number of uninsured drivers by making minimal liability coverage at reduced cost(2)
3. most state offer this for high-risk drivers who cannot obtain auto insurance in the voluntary market (3)
4. under this system, injured person does not need to establish fault in order to collet payment for damages but will not be able to seek damages through the tort liability system(2)
8. these insurers retain full responsibility for underwriting high-risk drivers
10. und provides compensation for victims who cannot collect from at-fault drivers (3)
11. under this system, injured auto accident victims must prove that another party was at fault before they can collect damages
12. Laws that require proof auto liability insurance before an accident occurs
15. state insurance___________ require auto insurers to develop rate that are adequate to pay all claims and expenses, reasonable for the exposure and not be discriminatory
16. this type of no-fault plan places no restrictions on the right to sue an at-fault driver(2)