an entity/mechanism that allows risk to be transferred from:
(a) the person/entity who incurred the loss/damage/expense
to
(b) someone/something else
the arrangement can take the form of:
(1) a fund;
(2) a trust;
(3) a plan;
(4) an instrument;
(5) a program;
(6) an association;
(7) a union; and/or
(8) something else