[self-in-shoor-uhns, self-]
insurance of one's property or interests against possible loss by the establishing of a special fund for the purpose instead of seeking coverage with an underwriter.

1895–1900 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
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

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
Administrative organization to manage a self-insurance program.
Liability self-insurance group rate, underwriting and evidence of coverage filings.
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