Pool

An organization of insurers or reinsurers through which particular types of riskThis word has two meanings for insurers: (1) the chance of loss such as from a peril; and (2) the person are underwritten and premiumsPeriodic payment to keep an insurance policy in force., losses and expensesThings that you are required to spend money on, such as food, clothing, housing, or other things that you have to have. are shared in agreed-upon amounts.