Question

In: Economics

No-fault liability or no-fault insurance means: A. If the employee admits it is the fault of...

No-fault liability or no-fault insurance means:

A. If the employee admits it is the fault of the employee for falling down at work, they receive a larger benefit from worker's compensation.

B. None are correct.

C. If an employer admit it is not the fault of the employer, they receive reduced rates.

D. There are larger legal fees because no one admits they were wrong.

Solutions

Expert Solution

"B"

None of the above statements are correct because no fault insurance means those insurance claims that will pay no matter whose fault it was, for example in a car accident, it doesn't matter if the person was at fault at not, if he is involved in a car accident he will get paid.


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