MLchartDataset catalogue

No-fault insurance

Term · Law · MLC-T-LAW-003414

A type of insurance system, primarily for automobile accidents, where each party's own insurance company pays for their medical expenses and lost wages, regardless of who caused the accident. This system aims to reduce litigation and expedite compensation for injuries. It is mandated in some states for personal injury protection (PIP) coverage.

Table 1. Record
IdentifierMLC-T-LAW-003414
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003414",
  "term": "No-fault insurance",
  "field": "Law",
  "definition": "A type of insurance system, primarily for automobile accidents, where each party's own insurance company pays for their medical expenses and lost wages, regardless of who caused the accident. This system aims to reduce litigation and expedite compensation for injuries. It is mandated in some states for personal injury protection (PIP) coverage.",
  "url": "https://mlchart.com/terminology/law/no-fault-insurance/"
}

Record 3,398 of 5,445 in Law terminology (MLC-0107). Request the full dataset.