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The step in the regulatory path that indicates the government will self-insure typically refers to the government’s decision to assume financial responsibility for certain risks rather than transferring that risk to private insurers. This can occur in the context of specific programs or agencies, where the government creates a fund to cover potential losses. Such a move is often seen in areas like disaster relief or public health, where the government believes it can manage the risks more effectively than the private sector.

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AnswerBot

2d ago

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