It is the payment of sums of money which have to be refunded by those in insurable occupations.
Since that time we have got hundreds and thousands of things which then appeared incredible, and the insurable risk is one of them.
In particular, many employments were not insurable for pension purposes prior to the introduction of the national insurance scheme in 1948.
The one condition that has not been relaxed is that if there was an insurable risk, people cannot claim from the hardship fund.
However, such help does not extend to individuals or businesses affected by flooding as it is an insurable risk.
That is proved by the rapid increase in the numbers who are regarded as not being normally in insurable employment.
The scheme does not cover losses that are insurable.
He has never been able to re-enter the ranks of insurable employment.
