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"
no fault automobile insurance
automobile insurance, car insurance - insurance against loss due to theft or traffic accidents
References in periodicals archive ?
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.
Proposed Insurance Regulation No. 68-C: no fault insurance
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.
Appeal court upholds Reg.68
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