no fault law |
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Definition
Legal rule in some jurisdictions (such as the US) that every individual is responsible for own injuries received in an auto accident, regardless of who is at fault. Its objective is to reduce the number of damage claims and, therefore, the cost of insurance coverage. See also no fault compensation.
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no fault law is in the Corporate, Commercial, & General Law subject.
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http://www.businessdictionary.com/definition/no-fault-law.html