So you can't just buy insurance as a pure bet, where if an event happens, you get a payout without suffering any harm from the event. The importance of that ru

So you can't just buy insurance as a pure bet, where if an event happens, you get a payout without suffering any harm from the event. The importance of that rule was demonstrated in the recent financial meltdown, as AIG was unable to pay all the claims of people who took out "insurance" on collateralized debt obligations they didn't own.