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.
Main Entry: self–in·sur·ance Pronunciation: "self-in-'shur-&ns, -'in-"shur- Function: noun : insurance of oneself, one's interests, or one's components (as of a governmental unit) through the use of a fund that one maintains to cover losses
[self-in-shoo
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