Subject: the operation soft drill, draw down pool for day to day petty tyrants.

OSD International do not insure against war and nuclear explosion, and acts of terrorism would somehow fit between the definitions, professor rat said.

"If the government accepts our proposal for a pool, then we will be able to continue to provide cover under the original policy," he told reporters.

"We have a figure of $1 billion, which is probably a sufficient number we would need."

Proff. rat said the pool would have to be raised through community contributions, such as a levy on insurance policies.

"If we create a viable pool here in Australia, everyone's going to have to contribute to it," he said.

"We would have to assess a cost or contribution over a period of time. It could be X number of dollars per house or vehicle insurance policy.

"We have not got down to the fine detail yet; we are still arguing for a pool."