[Mears]

They asked you if anyone smoked because they have bought the whole ETS thing. They never asked that 20 years ago and with all their resources and actuarial charts they would have seen a relationship to illness and ETS at that time.

[Old Professer]

Actually, insurance companies pay all claims based on future revenues while investment income runs the business; if the day were to come when the claims exceeded the assets, they would simply default and go into bankruptcy.