Summary |
In content the text covers the nature and economic dimensions of the automobile accident problem, the statutes and common-law principles developed to cope with its legal and financial aspects, the structure and functions of the automobile insurance business, and the coverages and contracts created by insurers in response to market needs and legislative pressures. Thus, the viewpoints of victim, jurist, insurer, and motorist are all represented.
The presentation is patterned after the belief that contracts, practices, and institutions are best understood when considered in close view of the problems they have been created to solve. To this end the reader is copiously supplied with practical examples and actual cases. This is not to say, however, that theory has been neglected. The reader’s attention is directed to both legal doctrines and insurance principles and, in addition, in the treatment of underwriting and selling functions, a modest effort has been made to introduce theory from the disciplines of economics, statistics, and marketing. Whether dealing with contracts, functions, or institutions, the text places reiterative emphasis on underlying purposes and fundamental needs so that time and change will not soon depreciate the lessons to be learned form it.
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