Protecting consumers from uninsured motorists: an alternative financing mechanism.: An article from: Journal of Consumer Affairs

Protecting consumers from uninsured motorists: an alternative financing mechanism.: An article from: Journal of Consumer Affairs Review

This digital document is an article from Journal of Consumer Affairs, published by American Council on Consumer Interests on December 22, 1991. The length of the article is 4865 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: For over 65 years, state legislators have debated how consumers who have been injured by financially irresponsible motorists will be compensated. While uninsured motorists insurance has become the modal choice among several states, responsible motorists in most states must completely pay for this coverage themselves. Motorists who drive without liability insurance contribute virtually nothing to meeting the costs of accidents they cause. This paper proposes that premiums for basic limits of uninsured motorists coverage be collected by a small universal motor fuel surcharge. These state-collected premiums then would be distributed to insurers on the basis of the number of vehicles that they insure within the jurisdiction. It is proffered that that this mechanism is both more equitable and significantly lower in cost for the average motorist than the various present mechanisms of financing uninsured motorists coverage. (Reprinted by permission of the publisher.)

Citation Details
Title: Protecting consumers from uninsured motorists: an alternative financing mechanism.
Author: George E. Hoffer
Publication:Journal of Consumer Affairs (Refereed)
Date: December 22, 1991
Publisher: American Council on Consumer Interests
Volume: v25 Issue: n2 Page: p391(14)

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