To: Mears
Actually, insurance companies pay all claims based on future revenues while investment income runs the business; if the day were to come when the claims exceeded the assets, they would simply default and go into bankruptcy.
To: Old Professer
Thanks for you explanation,OP,sometimes I should just keep my mouth shut.
68 posted on
10/17/2003 11:14:43 AM PDT by
Mears
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