Dictionary
self–insurance
noun self–in·sur·ance \in-ˈshu̇r-ən(t)s, -ˈin-ˌ\
Definition of SELF-INSURANCE
: insurance of oneself or of one's own interests by the setting aside of money at regular intervals to provide a fund to cover possible losses
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First Known Use of SELF-INSURANCE
circa 1897
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