 Posted: Sat Jul 08, 2006 6:34 am Post subject: Joint Underwriting Association/ JUA |
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Joint Underwriting Association/ JUA
Insurers which join together to provide coverage for a particular type of risk or size of exposure, when there are difficulties in obtaining coverage in the regular market, and which share in the profits and losses associated with the program. JUAs may be set up to provide auto and homeowners insurance and various commercial coverage, such as medical malpractice. |
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lakemen
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