National Standards for No-Fault Benefits Act

[AI summary unavailable — showing source text] National Standards for No-Fault Benefits Act - Title I: General Provisions - Establishes national standards for State no-fault benefit plans funded through insurance. Provides maximum restoration for motor vehicle accident victims and compensation for the survivors of such victims. Title II: National Standards for State No-Fault Benefit Plans - Sets forth specific requirements which each State plan must meet in order to be approved. Specifies types of coverage necessary for approval. Requires that coverage be compulsory within the State. Establishes required procedures for payment of benefits. Provides minimum standards for insurers. Title III: Alternate Federal No-Fault Plan - Provides that in States which do not have an approved State plan for no-fault insurance, an alternative Federal no-fault plan shall be in effect. Sets forth the coverage available under the alternate plan. Title IV: Review Board and Miscellaneous Provisions - Establishes, within the Department of Transportation, an independent instrumentality to be known as the No-Fault Insurance Plan Review Board. Provides that the Board shall formulate guidelines for the collection and presentation of statistics and data r…