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Still, consumers who are driving less can inquire about discounts, and they can ask about technology that lets in- surers monitor the miles they drive, a pay-as-you go insurance plan offered by Progressiveand other insurers.
Not anyone could deliver the cheer, "Let's go insurance adjusters, let's go!" and get laughs.
"Looking at the sad results," Marks continued, "you're compelled to wonder: where did all those tens of millions go?" ("Insurance," was one wag's reply).
It is literally pay as you go insurance.
"What many people call pay as you go insurance is actually behavioral based insurance," he said.
Some companies like Tower Gate Insurance offer 'pay as you go' insurance solutions that offer all the benefits of an annual policy, with greater flexibility.
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The question then remains: What should municipal bond investors know, and do, about this type of insurance going forward? –Insurance is only as good as the rating and credit underwriting policies of the monolines that stand behind it.
Without an individual coverage requirement, Mr. Obama and insurers say, consumers could go without insurance until they needed care.
Janette Casillas, the agency's executive director, put it this way: Going without insurance in order to get insurance "is not something that we would encourage".
As financial products go, basic insurance offerings are generally standardized by sellers, that is, insurance companies.
Under the law, people who go without insurance will generally be subject to tax penalties.
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