What does Joint Underwriting Association mean? Read on to discover the definition & meaning of the term Joint Underwriting Association - to help you better understand the language used in insurance policies.
Joint Underwriting Association
A nonprofit risk-pooling association established by a state legislature in response to availability crises as respects certain kinds of insurance coverage. For example, a number of states have established JUAs to provide medical malpractice insurance for physicians who are unable to obtain affordably priced insurance coverage in the standard marketplace.
We hope the you have a better understanding of the meaning of Joint Underwriting Association.