Group self-insurance

Term · Insurance and risk management · MLC-T-INS-001683

An arrangement where multiple employers or entities pool their resources to self-fund their own insurance risks, rather than purchasing coverage from a commercial insurer. Participants contribute to a common fund from which claims are paid, often managed by a third-party administrator. This method requires careful risk assessment and sufficient financial reserves.

Table 1. Record
Identifier	MLC-T-INS-001683
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-001683",
  "term": "Group self-insurance",
  "field": "Insurance and risk management",
  "definition": "An arrangement where multiple employers or entities pool their resources to self-fund their own insurance risks, rather than purchasing coverage from a commercial insurer. Participants contribute to a common fund from which claims are paid, often managed by a third-party administrator. This method requires careful risk assessment and sufficient financial reserves.",
  "url": "https://mlchart.com/terminology/insurance/group-self-insurance/"
}

Record 1,604 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.