National No-Fault Motor Vehicle Insurance Act

[AI summary unavailable — showing source text] National No-Fault Motor Vehicle Insurance Act - Prohibits any person from operating any motor vehicle upon a public street or road unless (1) such vehicle is insured under a qualifying no-fault policy pursuant to regulations prescribed by the Secretary of Transportation or (2) such person provides a security bond, proof of qualifications as a self insurer, or other security equivalent to that afforded under a qualifying no-fault policy. Prohibits any State from requiring any insurance inconsistent with a qualifying no-fault policy. Imposes penalties for knowingly violating such requirements. Specifies all motor vehicle items of coverage to be included in insurance policies, eligibility requirements for such coverage, and restrictions with respect to cancellation of such coverage. Establishes the statute of limitations for bringing suit for compensation for damages other than economic loss at four years from the date of the accident or one year after the last payment for economic loss, whichever is shorter. Allows insurers to provide additional coverages and benefits not inconsistent with the requirements of this Act. Requires the Secretary of Transportation to promulgate a uniform …