entity · derived
Breach resolution
Derived node: assembled mechanically from the claims carrying breach-resolution. A roster, not an adjudicated definition.
Every claim under this term
- 3396542-011 : If underwriters decline to reclaim their encumbered tokens, that breach is resolved by selling the encumbered tokens, plus additional freshly minted tokens as needed, in an auction open to current DAO
- 3396542-012 : A breach by the underwriters of a policy does not amount to a default by the DAO, and under normal market conditions a well designed DAO should experience very few breaches if any.
- 3396542-032 : Even where the underwriters of a policy breach the contract, the auction of the encumbered tokens together with the sale of additional tokens as needed ensures the policy holder's claim is fully met.
- 3396542-038 : What the authors call a breach on a particular insurance contract does not necessarily imply any losses for the consumer, so underwriter breach and consumer harm are decoupled in this design.