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Maybe insurance should be changed. Everyone has to get insurance, money goes to pool. Then claims are processed. At end of the year totals are tallied and if th
by Ekaros 2y ago
Maybe insurance should be changed. Everyone has to get insurance, money goes to pool. Then claims are processed. At end of the year totals are tallied and if there has been more claims than paid in extra bill is send to everyone next January. If less claims than expected next years insurance is cheaper.
Right to run scheme for say 10 year period is auctioned off to lowest bidder.
- howard941 2y agoYou've described mutual insurance, except for auctioning scheme. When I moved to Florida I routinely got small checks every year from State Farm mutual on my auto policy. That went away a long time ago, like 20 years or something.