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> How and where they get the money is thier business. > They could get it from selling chickens. Insurance is a regulated industry and those statements would
by WrtCdEvrydy 6y ago
> How and where they get the money is thier business.
> They could get it from selling chickens.
Insurance is a regulated industry and those statements would be terrifying. You have to prove to the state that your mathematics will work into a functional business and have to maintain certain liquidity requirements.
> All that matters is that they pay.
Yeah, and that's one the reasons companies don't like paying since it can dip into their liquidity.