Government insurance can be insurance that protects a government, insurance that is administered by a government, insurance that is funded or guaranteed by a government, or insurance that is made available to a government or governments or employees of a government or governments.
Examples:
- The Federal Deposit Insurance Corporation (FDIC): This was created during the Great Depression of the 1930s. To prevent banks from going bankrupt due to "runs" on banks that are rumored to be in trouble, the FDIC guarantees individuals' bank accounts up to a certain amount per account (the maximum had been $100,000 for a long time, but it may have gone up to $250,000).
- Government Employees' Insurance Co. (GEICO): When the service first started it was available to only employees of U.S. governments. Although the company still uses the same acronym, they now sell to virtually anyone (with the help of their spokesgecko).
