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As between individuals it might adopt the mutual insurance principle..
Here the insurance principle comes centre stage, but only if politicians are prepared to treat taxpayers as grownups and sovereign.
This was originally designed on the insurance principle: what workers took out was related to what they paid in.
"That means you've got to get people back into work, make sure people are better off in work, and get the insurance principle back into the system.
The argument about pensions had become a dispute over technicalities - whether to finance the scheme through the insurance principle or pay the cost, year by year, out of current taxation.
If the French pay so much, goes the line, it is because of the insurance principle: generous unemployment benefits, for instance, are not a gesture of largesse by the French state but an insurance entitlement.
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The American Law Institute ("ALI") initiated a project in 2010 to propose the Principles of the Law of Liability Insurance ("Principles").
HEALTH policy experts argue that lumping sick people together into high-risk pools runs counter to traditional insurance principles of spreading the risk, in which people who are relatively healthy subsidize those with many health problems.
Insisting that neither companies nor employees can go it alone, the authors call for government to protect American workers and provide employment opportunities through "safety net programs based on pooled-risk insurance principles".
"It is a rejection of the social insurance principles that are at the root of Medicare," said Theodore Marmor, whose 1973 book, "The Politics of Medicare," remains the classic work on the subject.
Weather index insurance principles were initiated by Halcrow (1948) and further developed by Dandekar (1977).
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