It is often said that self-insurance is an oxymoron. Why? If it is, what are the implications

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It is often said that ‘‘self-insurance’’ is an oxymoron. Why? If it is, what are the implications for a government that is permitted to recognize self-insurance premiums as a general fund expenditure when paid to an internal service fund?

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Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118155974

6th edition

Authors: Michael H. Granof, Saleha B. Khumawala

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Question Posted: Aug 13, 2014 11:52 AM

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It is often said that self-insurance is an oxymoron. Why? If it is, what are the implications

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The essence of insurance is the transfer of risk to an ind...View the full answer

Government and Not for Profit Accounting Concepts and Practices

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