In states that have _____, all automobile insurers in the state are members and the association is, in effect, an insurance industry company.
A)unsatisfied judgment plans
B)reinsurance facility
C)auto insurance plans
D)joint underwriting association
E)modified no-fault laws

Question

Quizplus · Accepted Answer

Joint Underwriting Associations (JUAs) are setups where all automobile insurers in a state are members, effectively acting as an insurance company for the industry. This is particularly used in markets where coverage is hard to obtain, ensuring that all drivers can be insured.

In States That Have _____, All Automobile Insurers in the State