Originally Posted by
cj_rumley
AMA pays claims until a threshold of $250,000 is reached, and the insurance pays any amount of a single claim in excess of that figure (AMA still pays the first $250,000). That ain't Low Dollar to me..........
In the latest claims history on the AMA web site, the total of all liability claims for the year was about $50,000. The insurance company didn't pay a dime of it.
That may be true but it does not make them an insurance company. To be an insurance company requires very specific legal status and AMA doesn't fit.
If I have an accident with my car and chose to pay for the repairs out of my own pocket does that make me an insurance company? No. If my daughter has an accident and I choose to pay for the repairs, does that make me an insurance company? No!