Self-insurance pool

{
  "id": "MLC-T-INS-003055",
  "term": "Self-insurance pool",
  "field": "Insurance and risk management",
  "definition": "An arrangement where multiple organizations, often with similar risk profiles, collectively self-insure their risks by contributing to a common fund. This allows participants to share the financial burden of losses and benefit from economies of scale in risk management and claims administration. These pools are common among municipalities, school districts, or professional associations.",
  "url": "https://mlchart.com/terminology/insurance/self-insurance-pool/"
}