What if there were insurance against loss of morality? What if the entire world were required to have the policy? You know, group insurance.
What would the premium cost? Who would indemnify? What would the payoff be? How would those who lost morality be compensated?
Would there be a policy that would cover “prior immorality” or one that would cover “terminal immorality”? What if all the insured were just scammers waiting to collect? Insurance fraud might be a problem.
Covering everyone would be difficult. Some might never apply for the insurance. Some might want coverage for “collision” only just to protect themselves from liability for damage to others. Some might choose only minimum coverage. How do we cover the uninsured?
Let’s make you the insurer. You decide the parameters of the policy and the coverage. You decide the premium, and you adjust the claims. Before you take the job, you should know that the entire world is borrowing against the policy. That can’t be good for the insurance company.
Would the policy change from place to place because of actuarial morality tables, that is, because one person's or culture's morality is another's immorality? What if the world is not a moral place to begin with? What if a “moral world” is an illusion? Is universal coverage a myth?
What would the premium cost? Who would indemnify? What would the payoff be? How would those who lost morality be compensated?
Would there be a policy that would cover “prior immorality” or one that would cover “terminal immorality”? What if all the insured were just scammers waiting to collect? Insurance fraud might be a problem.
Covering everyone would be difficult. Some might never apply for the insurance. Some might want coverage for “collision” only just to protect themselves from liability for damage to others. Some might choose only minimum coverage. How do we cover the uninsured?
Let’s make you the insurer. You decide the parameters of the policy and the coverage. You decide the premium, and you adjust the claims. Before you take the job, you should know that the entire world is borrowing against the policy. That can’t be good for the insurance company.
Would the policy change from place to place because of actuarial morality tables, that is, because one person's or culture's morality is another's immorality? What if the world is not a moral place to begin with? What if a “moral world” is an illusion? Is universal coverage a myth?
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