All states have financial responsibility or compulsory insurance laws that require motorists to carry at least minimum

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All states have financial responsibility or compulsory insurance laws that require motorists to carry at least minimum amounts of auto liability insurance.
a. Does a financial responsibility law or compulsory insurance law guarantee that injured auto accident victims will be adequately compensated for their injuries? Explain your answer.
b. How effective are compulsory insurance laws in reducing the problem of uninsured drivers?

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Principles of Risk Management and Insurance

ISBN: 978-0132992916

12th edition

Authors: George E. Rejda, Michael McNamara

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