Final answer:
The minimum single bodily injury coverage required by Connecticut law for an auto insurance policy is $25,000 per person. This regulation promotes financial protection for drivers at fault in an accident causing injury, within a system of shared risk among policyholders.
Step-by-step explanation:
Per Connecticut law, the minimum single bodily injury coverage required for a vehicle's insurance policy is $25,000 per person per accident. This coverage is designed to protect drivers financially in the event they are found at fault in an accident that injures another person. Using the concept of shared risk among policy holders, this requirement helps ensure that the costs associated with injuries are managed effectively.
For example, if we have 100 drivers who each pay a premium, their collective payments will contribute to covering the costs of accidents within that group. If one of those drivers is responsible for an accident resulting in bodily injury, their minimum coverage will provide financial assistance up to the stipulated amount.