How is the Judgement Proof problem mitigated in the auto insurance market? A.Personal auto insurance policies...

How is the Judgement Proof problem mitigated in the auto insurance market?

A.Personal auto insurance policies exclude losses occurring when the auto is used for non-personal (business) use
B.Purchase of Auto Insurance is mandatory to operate a vehicle
C.Insurance companies offer Umbrella Insurance to increase the liability coverage above that offered in Auto Insurance policies
D.All states have enacted Financial Responsibility laws

Solutions

Expert Solution

Personal auto insurance policies exclude losses occurring when the auto is used for non-personal (business) use

Option A is correct

jeff jeffy answered 1 year ago

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