Question
In: Finance
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 2 years agoRelated Solutions
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