Standards for No Fault Motor Vehicle Accident Benefits Act

[AI summary unavailable — showing source text] Standards for No-Fault Motor Vehicle Accident Benefits Act -- Title I: Standards for State No-Fault Benefits - Authorizes any State to establish a plan for no-fault benefits for motor vehicle accident victims in accordance with the basic standards set forth in this Act. Specifies levels for medical expense, work loss, replacement services loss, and funeral and death benefits which must be met by approved State plans. Sets forth limitation on deductibles. Requires each person obligated to provide compulsory coverage to carry liability insurance for the payment of tort liability damages for injury in any case in which loss is in excess of the approved limitations, and in other specified cases. Permits any State with an approved plan to authorize its insurance commissioner to lower the level of benefits provided by the plan if necessary to assure that the average cost of premium for compulsory coverage is not greater than the average cost of premium for equivalent coverage. Stipulates that an approved State plan must require each insurer to make available coverages to provide for specified benefits in excess of any limitations under this Act. Requires any State plan to prohibit any cl…