 It promotes the concept of insurance companies as a substitute for government as the institution used to pursue claims; in the event a person were defrauded, they could file a claim with their insurance company, and the insurer would obtain the right of subrogation.Insurers who, themselves, committed abuses would suffer loss of reputation and be at a competitive disadvantage to more reputable insurers.Chapter 8, "Protection of Life and Property", asserts that a person has the right to defend his life against aggression; and that he therefore has the right to defend his possessions as well, since they are the results of his investment of parts of his life and are, thus, extensions of that life.