Principles of Risk Management and Insurance 13th Edition by George Rejda,Michael McNamara

تمرين 1

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?