COMPULSORY INSURANCE COMPARED WITH FINANCIAL RESPONSIBILITY LAWS
The article discusses the difference between a security type financial responsibility law and a compulsory insurance law. Both laws are attempts to deal with the consequences of motor vehicle accidents. The financial responsibility law, though it does not require automobile insurance coverage, has the effect of increasing the number of cars that are insured. The author uses the example of New York State, for the security type of financial responsibility law. In New York State 94% of the cars are insured. The vehicles carry liability insurance for both bodily injury and property damage. Massachusetts is used as the example for compulsory insurance. In Massachusetts, though it is mandatory for cars to be insured, cars carry only a limited coverage; in fact they may not be covered for many of the instances in which the New York drivers are covered.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/00410713
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Corporate Authors:
Eno Transportation Foundation
1250 I Street, NW, Suite 750
Washington, DC United States 20005 -
Authors:
- Murphy, R
- Publication Date: 1952-7
Language
- English
Media Info
- Pagination: p. 275-283
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Serial:
- Traffic Quarterly
- Volume: 6
- Issue Number: 3
- Publisher: Eno Transportation Foundation
- ISSN: 0041-0713
Subject/Index Terms
- TRT Terms: Automobile insurance; Drivers; Financial responsibility; Injuries; Laws; Liability insurance; Traffic crashes; Traffic safety
- Uncontrolled Terms: Security financial responsibility laws
- Geographic Terms: Massachusetts; New York (State)
- Subject Areas: Highways; Law; Safety and Human Factors; I10: Economics and Administration; I80: Accident Studies;
Filing Info
- Accession Number: 00815117
- Record Type: Publication
- Files: TRIS
- Created Date: Aug 12 2001 12:00AM