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self-insurance
(redirected from self-insurer)

   Also found in: Medical 0.01 sec.
self-in·sur·ance (slfn-shrns)
n.
Insurance of oneself or one's possessions against possible loss by regularly setting aside funds.

self-in·sure v.
self-in·sured adj.
self-in·surer n.

self-insurance
n
(Business / Insurance) the practice of insuring oneself or one's property by accumulating a reserve out of one's income or funds rather than by purchase of an insurance policy
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.self-insurance - insuring yourself by setting aside money to cover possible losses rather than by purchasing an insurance policy
insurance - promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company


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If I were the risk manager of a publicly traded self-insurer, I would call the Security Fund to find out how credit default swaps could slash my collateral costs.
Florida law required that the policies include: a clause authorizing the insurer or self-insurer to determine, to make, and to conclude, without the permission of the insured, any offer of admission of liability and for arbitration pursuant to law, settlement offer, or offer of judgment, if the offer was within the policy limits.
For the determined self-insurer, an annuity or life combination product makes perfect sense.
 
 
 
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