Term
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Definition
| Provides a comparable level of social benefit to all citizens regardless of their ability to pay for it. |
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Term
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Definition
| A redistribution of one groups’ costs among the members of another group. |
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Term
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Definition
| The gradual process of proposing, debating, and passing legislation that reduces legal costs and settlement awards that occur because of suits alleging injury or damage as a consequence of someone’s negligent behavior. |
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Term
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Definition
| 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 earning s resulting from an auto accident. |
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