MLchartDataset catalogue

Joint underwriting association JUA

Term · Insurance and risk management · MLC-T-INS-001935

A mechanism established by state law to provide insurance coverage for risks that are difficult to insure in the voluntary market, such as medical malpractice or automobile insurance in high-risk areas. All insurers licensed in the state are typically required to participate and share in the profits or losses. JUAs serve as an insurer of last resort.

Table 1. Record
IdentifierMLC-T-INS-001935
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001935",
  "term": "Joint underwriting association JUA",
  "field": "Insurance and risk management",
  "definition": "A mechanism established by state law to provide insurance coverage for risks that are difficult to insure in the voluntary market, such as medical malpractice or automobile insurance in high-risk areas. All insurers licensed in the state are typically required to participate and share in the profits or losses. JUAs serve as an insurer of last resort.",
  "url": "https://mlchart.com/terminology/insurance/joint-underwriting-association-jua/"
}

Record 1,856 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.