Actuarial Notes

Exam DISC-IA Practice Question 901

Study guide: Exam DISC-IA

A Texas driver is convicted a second time of driving without liability insurance. The state now requires him to have an insurer file an SR-22 certificate and to keep the coverage for two years, and the insurer must tell the state if the coverage lapses. What kind of law imposes this requirement?

  • A) A financial responsibility law, requiring proof of ability to pay damages after a triggering event
  • B) A no-fault law, requiring personal injury protection from his own insurer
  • C) An unsatisfied judgment fund law, requiring him to pay into a state fund
  • D) A no pay, no play law, barring him from suing for noneconomic damages

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