Self Insurance
The Self-Funded Automobile & Travel Protection Program: Structure and Mechanics
Key Structural Distinctions
| Feature | Conventional Bonds | This Program |
|---|---|---|
| Bond Purpose | General obligation | Dedicated to single trust only |
| Expiration Outcome | Returned to purchaser | Balance reverts to state |
| Claim Eligibility | Broad beneficiaries | Trust property & claimants only |
| Financial Reciprocity | None | State gains residual value |
This program represents a specialized approach to mobility protection, prioritizing direct state relationships and contractual precision over traditional insurance frameworks. Its viability depends on navigating yet unproven regulatory recognition and enforcement pathways.
Read MoreSelf-Funded Property Protection Program: A New Model for Property Security
Key Features Summarized:
- Participants: Secured Party Creditors, sovereign citizens, micronations.
- Mechanism:$1M bond blocks $850/10 years) deposited with state treasuries.
- Core Promise: State-managed protection bypassing traditional insurance.
- Claims: Two-step participant/state approval process for rapid disbursement.
- Foreclosure Prevention: Marketed as eliminating evictions via mortgage contingencies.
- Documentation: Bonds, negotiable instruments, UCC filings, IRS Forms, MOUs.
- Status: Operates in an unregulated niche; requires validation through state cooperation.