Getting insurance companies to play fair

In a regime, in which people are supposed to be self-reliant and to take responsibility over their lives, insurance companies have a critical role.  A responsible person would pay premiums so that any calamity, which he cannot handle by himself, will be handled instead by the insurance company.  So that the person would not become burden on the public.

Unfortunately, in pseudo-capitalistic oligrachic regimes, insurance companies tend to emphasize their profits over security for the insured.  So a strong mechanism to keep them honest is needed.  The following proposal addresses this issue.

A proposal for billionaires who wish to contribute to the community without supporting parasites:

Start a foundation which helps insured people, who were screwed by the insurance companies.
The foundation will work as follows.

  1. The insured will provide documents - the insurance policy, all documents he gave the insurance company to get the insurance money due to the event insured against, and documents attesting to the fact that the insurance company rejected his claim due to unjustified reason.
  2. The foundation will check the documents and verify that everything is correct.
  3. If all is correct, the foundation will pay the insured the money that the insurance company was supposed to pay him. The insured will sign a commitment to reimburse the foundation any monies he gets from the insurance company due to compromise, court proceedings, or thanks to a manager’s golden heart.
  4. The foundation will sue in the insured’s name the insurance company and bring to the court its heavy guns (high caliber lawyers).

The billionaire’s donation is needed for running capital and to cover claims in which the court found for the insurance company.

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