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Old 09-17-2008, 02:53 AM   #21
MikeWaters
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I take this as an admission of complete defeat and complete ignorance.
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Old 09-17-2008, 02:54 AM   #22
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I take this as an admission of complete defeat and complete ignorance.
Stick to pop psychology, Mike.
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Old 09-17-2008, 03:00 AM   #23
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Stick to pop psychology, Mike.
Seems like being in the insurance business you ought to know what you are talking about. Shameful how you alleged people would lose their insurance coverage, and now that I have called you out, you have backed down.
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Old 09-17-2008, 03:05 AM   #24
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Seems like being in the insurance business you ought to know what you are talking about. Shameful how you alleged people would lose their insurance coverage, and now that I have called you out, you have backed down.
People don't lose their insurance coverage because the government, by statute, will step in; which I stated in my original post. The whole argument here is that pre-emptive action is less costly than trying to pick up the pieces after the explosion.
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Old 09-17-2008, 03:05 AM   #25
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People don't lose their insurance coverage because the government, by statute, will step in; which I stated in my original post. The whole argument here is that pre-emptive action is less costly than trying to pick up the pieces after the explosion.
<sigh>. BYU71, please talk some sense to him.
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Old 09-17-2008, 03:08 AM   #26
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<sigh>. BYU71, please talk some sense to him.
Translation: I have no clue what I'm talking about and so as an act of desperation, I'm hoping that BYU71 will agree with me.
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Old 09-17-2008, 03:12 AM   #27
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Translation: I have no clue what I'm talking about and so as an act of desperation, I'm hoping that BYU71 will agree with me.
BYU71 has already addressed this point. I figured he needed to repeat it.
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Old 09-17-2008, 03:58 AM   #28
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People don't lose their insurance coverage because the government, by statute, will step in; which I stated in my original post. The whole argument here is that pre-emptive action is less costly than trying to pick up the pieces after the explosion.

What statute are you talking about?
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Old 09-17-2008, 04:05 AM   #29
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What statute are you talking about?
The Statute of Liberty (Mutual).

I know. Really bad. But I'm tired and my brain...

Let's just say I'm tired and leave it at that.
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Old 09-17-2008, 04:22 AM   #30
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What statute are you talking about?
The NAIC crafts model regulations which in turn are adopted by most states in some adapted form.

http://www.cato.org/pubs/regulation/reg14n2d.html

http://info.worldbank.org/etools/doc...insolvency.ppt
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