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no-fault insurance

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A type of automobile liability insurance that tries to cut the cost of insurance by restricting the legal grounds on which suits arising out of accidents can be brought. Most payments are made without determining legal responsibility, which is most often the reason for going to court.

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The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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