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self-insure

[self-in-shoo r, self-] /ˈsɛlf ɪnˈʃʊər, ˌsɛlf-/
verb (used with object), self-insured, self-insuring.
1.
to subject (one's property or interests) to self-insurance.
verb (used without object), self-insured, self-insuring.
2.
to insure with self-insurance.
Origin
1930-1935
1930-35
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for self-insure
  • Briefly explains obligations of employers who self-insure.
  • The option to self-insure jointly with other firms is not new.
  • Many large employers self-insure their employee health plans.
  • Employers may either buy insurance or obtain permission to self-insure.
  • Depending on state laws, employers can purchase insurance from a private carrier or state fund, or they can self-insure.
  • Small businesses can join together as a group to self-insure their workers' compensation liability.
  • Private employers have to post security as a condition of receiving a certificate of consent to self-insure.

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7
8
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