Practice question

Which statement correctly describes Bolivia's mandatory SOAT traffic-accident insurance?

It is optional for private vehicles and covers only the at-fault driver
It is mandatory for motor vehicles and covers traffic-accident victims such as drivers, passengers, and pedestrians regardless of fault
It replaces the driver's licence and technical inspection
It covers vehicle paint damage but never bodily injury

Answer: B — It is mandatory for motor vehicles and covers traffic-accident victims such as drivers, passengers, and pedestrians regardless of fault

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