I’m working on a Business question and need guidance to help me study.
- Briefly explain the tort liability system.
- Compare and contrast financial responsibility laws and compulsory insurance laws.
- Explain uninsured and underinsured motorist coverage. Are either of these coverages mandatory? Please explain your answer.
- What is a no-fault law? What are the three types of no-fault laws and briefly describe each.
- In Kentucky PIP coverage is provided on auto policies unless you reject it. What is PIP coverage and how does it benefit an individual involved in an accident?
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