A Look at the Legal Environment for Driverless Vehicles (2016) / Chapter Skim
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Pages 47-60
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From page 47... ...
47 the U.S. Constitution, most insurance regulation has been delegated by the federal government to the states.
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48 mandatory automobile insurance (usually referred to as Financial Responsibility Laws)
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49 of legislation,398 so the effect of legislation is often to narrow the circumstances under which testing can take place. The Uniform Law Commission is studying whether to adopt a proposed model law for the states, including insurance requirements for drivers.
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50 one jurisdiction, territory (where the automobile is garaged) , credit score, or gender may be permitted, while not permitted in another.403 Calculating appropriate relativities is a very sophisticated undertaking.
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51 California, to make every attempt to pass these savings on to policyholders. Passing these savings to the policyholder has two principal benefits.
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52 policies is to insure against liability of the insured or (in the case of uninsured/underinsured motorist coverage [UM/UIM]
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53 or available. Although "New GM" established a fund and process to compensate those injured by its defectively designed ignition switches, its official position is that it is not legally responsible for "Old GM's" defective products.
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54 responsible driver carries a minimal policy (e.g., 15/30/5 policy in California, another policy at a different state's minimum, or no insurance at all) , a seriously injured party is likely to settle with the driver for far less than the party's actual injuries.
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55 should be a substantial incentive for many to adopt self-driving cars. This will especially be so if the insurance savings substantially offset the added cost of the self-driving components.
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56 easily adapt to self-driving cars. When a car is being driven in self-driving mode, the person who would ordinarily have been the "driver" is really no more than a passenger.
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57 10. Telematics-Based Policies As OEMs become increasingly responsible for driving cars, they will need to gather information about how and where the car is driven.
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58 other than cause. The program is administered by the Federal Court of Claims.456 G
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59 This raises the question whether it would be in the public interest to look into ways to guarantee some protection when injured parties may no longer look to the commercial chain for compensation. Much like the National Vaccine Injury Compensation Program, it might be funded with an assessment on sales or licenses.
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60 developers to develop a sufficient understanding of the technology and the risks to make an educated guess at appropriate rates. It might be helpful to insurers, and regulators who must assure that rates are not excessive, inadequate, or unfairly discriminatory, if the insurance industry were more closely integrated in the development and approval process.
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