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Offline CWEvans

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« on: March 24, 2014, 01:59:47 pm »
This board focuses on the BTS Mutual Aid Society (aka 'insurance') DAC.

The model that Bytemaster has proposed is closer to a fraternal lodge or benevolent order than to conventional insurance, in which persons with a common bond contribute to and manage a community fund that members can tap in times of extraordinary need.

This can be due to personal injury, natural disaster, medical condition, commercial debt default, political upheaval, or anything else that creates an unexpected cost.

Questions that we need to address include:

  • How to identify or define the common bond of a specific MAS.
  • Whether payouts should be repaid to the fund, and if so with or without interest.
  • The levels of deductibles and copayments.
  • Whether individual adjusters or a prediction market should judge claims.
  • What it would take for you to join a BTS MAS.

While it is true that there is no One True Way to model a BTS MAS, many prefer off-the-shelf solutions rather than have to build Do It Yourself solutions from components. The result should be flexible enough for those who want to modify it to do so without having to hack the source code directly, yet well defined enough to use out of the box.
« Last Edit: March 24, 2014, 03:16:07 pm by CWEvans »