Which of the following statements is true regarding unsatisfied judgment funds?
A)An accident victim can choose to collect from the negligent driver or from the fund.
B)The negligent driver is relieved of legal responsibility when the fund makes a payment to the accident victim.
C)The maximum amount an individual can collect from the fund is usually much more than the minimum liability limits required by the state.
D)An accident victim must have exhausted other means of recovery before collecting from the fund.

Question

Quizplus · Accepted Answer

Unsatisfied judgment funds are designed to provide a source of compensation for victims of accidents caused by financially irresponsible drivers who don't have auto insurance or don't have enough of it to cover the damages they caused. However, before a victim is able to collect from the fund, they must have made a good faith effort to collect from the negligent driver by exhausting other means of recovery, such as filing a lawsuit or attempting to garnish the driver's wages. So, option D is the correct statement about unsatisfied judgment funds.

Which of the Following Statements Is True Regarding Unsatisfied Judgment