Definition of "Keeton-o"
Early type of no-fault automobile insurance developed by two law professors, Robert Keeton and Jeffrey O'Connell. Its basic premise is that for many accidents it is impossible to place the blame as required by the tort legal system. In this approach, each individual would be able to collect from his or her own insurance company without having to prove fault on the part of anyone.
Popular Insurance Terms
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Bureau insurer that files its statistical and underwriting experience with a rating bureau. ...
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