Hi Jerry — thanks for your question, it’s a good one. The short answer is the legal model we are working on is ultimately one group of all members, which owns the claims pool.
For the long answer… what I think you are getting at is are we planning on implementing a smaller pool model, perhaps like Friendsurance, the European insurance broker, does. It’s certainly not out of the question.
I’ll cover all this more in future posts, but suffice it to say for now, any system where you could pay $100 and possibly get $10,000 back will require some sort of centralized enforcement platform, whether it is backing groups of individuals, or individuals themselves.
We’re focused on that central platform, i.e. redoing insurance from the ground up, creating a system that is both more actuarially efficient as well as process efficient. That way, whether it’s individuals or small groups, they can all ultimately rely on a pool that is efficient, transparent, and member-owned, rather than a traditional insurance company.