01.Core Concepts

A few states have established a joint underwriting association (JUA), in which auto insurers in the state participate in providing coverage to high-risk drivers through a common pool Each insurer pays its pro rata share of pool losses and expenses The J U A designs the policies and sets the rates Underwriting losses are proportionately shared by the companies based on premiums written A limited number of insurers are designated as servicing insurers, but all insurers participate in the pool