Many states have funds to provide compensation in situations when an injured motorist obtains a judgment against the party at fault but cannot collect because the party has neither insurance nor resources.Identify these funds.
A)Financial responsibility fund
B)Title defect fund
C)No-fault fund
D)Monetary threshold fund
E)Unsatisfied judgment fund

Question

Quizplus · Accepted Answer

These funds are known as Unsatisfied Judgment Funds. They are established to provide compensation to individuals who are unable to collect damages from the at-fault party due to lack of insurance or resources, after a court judgment has been obtained.

Many States Have Funds to Provide Compensation in Situations When