Monopolistic State Fund

See: Monopoly.

Monopolies represent a situation where one entity takes over a certain business. Like the electric company, or the water works, or having hotels on both Baltic and Mediterranean Avenues.

Monopolistic state funds are a specific version. The entity forming the monopoly is the government, and the industry involved is insurance. (Is there a Community Chest card for that?)

In this structure, the government takes over a portion of the insurance business. The government sets up a fund that provides a particular type of insurance (these usually come up for workers' compensation policies). All employers must buy the insurance from these state funds. Meanwhile, any competing private funds are outlawed.

Ohio, North Dakota, Wyoming, and Washington are examples of states that have monopolistic state funds.