Term
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Definition
| provides a comparable level of social benefit to all citizens regardless of their ability to pay for it. (Those who are better able to afford benefits are assessed a greater share of the costs than those less able to afford benefits so that those less able to afford benefits might have similar benefits.) |
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Term
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Definition
| is a redistribution of one group's cost among the members of another group. |
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Term
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Definition
| is the gradual process of proposing, debating, and passing legislation that, in some way, reduces legal costs and settlement awards that occur becuase of suits alleging injury or damage as a consequence of someone's negligent behavior. |
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Term
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Definition
| is a rate established by a regulator, above and below which insurers may set rates within maximum percentages defined by the regulator. |
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Term
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Definition
| require auto owners to buy and insurers to offer coverage for medical expense and sometimes loss of earnings reulting from an auto accident. |
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