Federal Highway Vehicle No-Fault Act

[AI summary unavailable — showing source text] Federal Highway Vehicle No-Fault Act - Title I: States to Regulate Insurance - Declares the intent of Congress that responsibility for the regulation of the business of insurance shall remain with the several States. Title II: Applicability of State and Federal Law - Provides that on and after March 1, 1976, the legal liability for damages in tort of an owner or operator of a highway vehicle shall be determined under Federal vehicle reparations law provides, that, if the occurrence with respect to which liability is alleged occurs in a State which has in effect a State vehicle reparations system which is a qualifying system under this Act, legal liability for damages shall be determined under that qualifying State vehicle reparations system, and Federal vehicle reparations law shall be inapplicable. Declares that a qualifying State vehicle reparations system must enforce requirements that policies of liability insurance on highway vehicles contain no-fault insurance coverage not less generous than that coverage described in this Act incurring bodily injury. Provides that no fault insurance benefits shall cover medical expense, income lost and nonoccupational expense. Requires that …