[DaveSemko]

I think someone should dig into the idea of self-insurance for a group of people... Post Assesment companies, and insurance associations were around long before the insurance companies as we know them today.

Fundamentals would be that everyone pays a premium to a common fund. A portion of the fund must be liquid, the rest can be in interest bearing accounts (mutuals etc.). The association would obtain underwriting for losses larger than a set figure (secondary insurance market). Anything lower than the set figure would be paid by the association directly.

Not sure what all the legal requirements might be to self insure; however, it seems like a practical solution to our problem. Must not be too difficult - lots of companies do it today. I think the hurdle my be the cost of entry, and the size of the group required.

Wouldn't it be an interesting day when the Cobra owners can call their insurance companies and negotiate for lower premiums, else they would loose the business to the self insurance group.

Anyone have any insider knowledge?

AS an afterthought - it seems reasonable that there would be some qualifications for joining the group. Inspections, minimal equipment etc. Perhaps there would be different risk levels that go with the amount of equipment (or lack of). This is nothing new.

Dave (the quieter younger brother)