no fault insurance


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Noun1.no fault insurance - a system of automobile insurance where a party who is injured in an automobile accident recovers damages up to a specific amount against his own insurance company regardless of who was responsible for the accident; "the amount of litigation resulting from minor accidents is reduced by no fault insurance"
automobile insurance, car insurance - insurance against loss due to theft or traffic accidents
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
In the suit, the plaintiffs contend that the no fault insurance system discriminates against people of lower income.
68-E explains that certain professional services entities are "involved in activities that include intentionally staging accidents and billing no-fault insurers for heath services that were unnecessary or never in fact rendered." No fault insurance fraud costs no-fault insurers tens if not hundreds of millions of dollars which insurers pass on to New York consumers in the form of higher insurance premiums.
In its derision, the appellate court cited the state's volume of no-fault insurance fraud cases: "Between 1992 and 2001, reports of suspected automobile insurance fraud increased by" 275 percent, the bulk of the increase occurring in no fault insurance fraud," wrote Chief Judge Judith Kaye.