They said, would you sign a contract that if you had this loss the contract would pay you a certain amount of money?

他们是这样说的，你会签署一个合约,上面约定了，当你发生损失,你会得到合约中约定的赔偿金？

耶鲁公开课 - 金融市场课程节选

You have to have the insurance company set up with a structure itself that guarantees that they have enough reserves to meet the losses that they might incur.

你得保证保险公司的设立是基于以下前提,即它能保证拥有足够的储存资金,以便用来拟补有可能发生的损失。

耶鲁公开课 - 金融市场课程节选