X-Message-Number: 1942 From: (Thomas Donaldson) Subject: Re: cryonics: #1919-#1924 Date: Thu, 11 Mar 93 0:59:08 PST To Mark Kaminsky: I will simply tell you what I understand of this idea when it was first put forward, and what happened then. Mike D now believes that we should have kept as much money as we could and self-insured that way; it is wonderful to have the virtues of hindsight, .... though so far as I understand now, the situation isn't much better. Basically, the objection was raised then that if we tried what you suggest, we would be considered to be legally an insurance company, and therefore subject to all the relevant laws. Since these laws require a large amount of capital just to start, the idea died. Perhaps the situation has changed; perhaps I misunderstood it when it was first brought up. I'd be interested to see an analysis of our PRESENT situation, with citations of the relevant laws (which, again, may have changed). So far, no one on the Net has discussed the present situation vis a vis self-insurance, citing laws and facts. Yes, there were other objections, the most telling one being the fact that self-insurance would tie members to Alcor far too closely, given that Alcor was a small organization. But as I remember it, the idea of self-insurance died because of the legal problems. Best, and long life, Thomas Donaldson -- Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=1942