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Old 02-28-2018, 07:02 PM   #1
henry quirk
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"No, it's the actual context."

No, that's Dana's conventional interpretation, fostered by official statements from providers, and the elected. It may actually spread the risk or allow it to be shared, but that's not the reason for it, just the coincidental byproduct.

But, it's an interpretation.
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Old 03-01-2018, 04:43 AM   #2
DanaC
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Quote:
Originally Posted by henry quirk View Post
"No, it's the actual context."

No, that's Dana's conventional interpretation, fostered by official statements from providers, and the elected. It may actually spread the risk or allow it to be shared, but that's not the reason for it, just the coincidental byproduct.

But, it's an interpretation.

Do you know the history of insurance? I do - and sharing the risk was the original purpose of insurance. The big bucks are the byproduct of that development.

You talk about your tolerance for risk. That's fine - it's up to you if you want to insure your risk. The mandatory nature of motor insurance is because of the third party element.
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Old 03-01-2018, 06:36 PM   #3
limey
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Quote:
Originally Posted by DanaC View Post
Do you know the history of insurance? I do - and sharing the risk was the original purpose of insurance. The big bucks are the byproduct of that development.

She’s right you know. I studied the history of insurance, too. Lloyd’s coffee shop, the sharing of risk and the sharing of gain from the actual (seafaring) adventures ....




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Old 03-01-2018, 10:04 PM   #4
xoxoxoBruce
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Yeah, Loyd's is the granddaddy of insurance, but not the premise.
It started when primitive people started banding into groups/villages, one for all, all for one.
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Old 03-02-2018, 06:56 AM   #5
Griff
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Those dirty commies...
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