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My understanding is that it entirely possible that the FAIR plan might be bailed out by the Feds.
by scoofy 2y ago
My understanding is that it entirely possible that the FAIR plan might be bailed out by the Feds.
- potato3732842 2y agoGod I hope not. That would set a terrible president. Every other state insurance plan would eventually start running itself in a "obviously insolvent but it looks sane if you squint and market it with the morals of a used car salesman" manner but they'd be fools not to if the feds are in the business of picking up the tab.
- scoofy 2y ago>That would set a terrible precedent. The existing precedent is the National Flood Insurance Program. https://en.wikipedia.org/wiki/National_Flood_Insurance_Program https://en.wikipedia.org/wiki/National_Flood_Insurance_Progr...