self-insurance

noun

self-in·​sur·​ance ˌself-in-ˈshu̇r-ən(t)s How to pronounce self-insurance (audio)
-ˈshər-,
-ˈin-ˌshu̇r-,
-ˈin-ˌshər-
: insurance of oneself or of one's own interests by the setting aside of money at regular intervals to provide a fund to cover possible losses

Examples of self-insurance in a Sentence

Recent Examples on the Web Lake County officials will be look at ways to strengthen county employee’s health self-insurance plan as rising costs threaten the program’s future solvency. Carrie Napoleon, Chicago Tribune, 17 Sep. 2023 Although self-insurance through international reserves has sharply increased for some countries, pooled resources centered on the IMF have increased far less than self-insurance and have shrunk markedly relative to measures of global financial integration. Foreign Affairs, 22 Aug. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'self-insurance.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1829, in the meaning defined above

Time Traveler
The first known use of self-insurance was in 1829

Dictionary Entries Near self-insurance

Cite this Entry

“Self-insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/self-insurance. Accessed 29 Mar. 2024.

Legal Definition

self-insurance

noun
self-in·​sur·​ance
ˌself-in-ˈshu̇r-əns, -ˈin-ˌshu̇r-
: insurance of oneself, one's interests, or one's components (as of a governmental unit) through the use of a fund that one maintains to cover losses
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