Originally Posted by
aeajr
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!
If you were found liable by a civil court for $250,000 in damages and chose to pay it out of pocket, you would be either an insurance company or plain crazy.