What is a joint underwriting association?
What is a joint underwriting association?
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.
What do you mean by micro insurance?
What is Microinsurance? Microinsurance products offer coverage to low-income households or to individuals who have little savings. It is tailored specifically for lower valued assets and compensation for illness, injury, or death.
Does Colorado have a fair plan?
Unlike other states, Colorado doesn’t offer a Fair Access to Insurance Requirements Plan (FAIR Plan). If you’re in Colorado and you’re unable to get homeowners insurance with a standard carrier, look into coverage with a surplus or excess lines insurer.
