Quote:
...too many people are abusing the system,
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Can't argue with that, but it could also be said: Too many insurance companies are abusing the system.
I suspect posting a bond would be similiar to a company carrying it's own private auto insurance. You can essentially cover yourself, BUT, you basically have to be Daddy Megabuck's to reach the level where it becomes cost effective. Those that could afford to post a bond in lieu of buying insurance would be able to afford insurance in the first place!