No-Fault

Automobile Insurance system used in some states to discourage lawsuits, in which an accident victim collects from his/her own Insurance company, regardless of who is at fault.

Related Terms: 4 Insurance, ITS, Own, UIT

Other Related Pages: Category: Insurance Starting With: N

Additional Related Terms: Accelerated Cost Recovery System, Accrual of discount, Amortization of premium, At par, All or any part, At best, At call, Automated Order Entry System, Antitrust laws, Adjustable life insurance