Insurance wonging

#1
Are you allowed to place an insurance bet on your neighbour's hand? Would it be possible to insure the entire table when the EV on insurance is positive? I was thinking about this as a type of positive hand interaction, akin to filling in a double down for less or buying one card of a profitable split.
 
#2
I've done it many times - only with the players permission... BUT I've more problems arise from it than partnering on someone's split or double. On several occaisions I had the other player, after granting me permission, lock up my win and refuse even to give me back the original bet! Not recommended... it pisses of the pit too. zg
 
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