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Topical Terminology > Joint Underwriting Associations



1 Definition

Joint Underwriting Associations

For Joint Underwriting Associations we have a term and definition in Health Insurance.



Joint Underwriting Associations (Health Insurance)

Joint Underwriting Associations (JUAs) are state-sponsored insurance vehicles for physicians who do not have access to other sources of professional liability insurance. Insureds of some JUAs bear infinite assessability for losses incurred by the organization during prior years of insurance activity. In some states in which JUAs operate, all casualty insurers in the state are assessable. In others, only the insured doctors are assessable. In those instances in which only the insureds of the JUA are assessable, ultimate financial obligations are unpredictable and can be significant.




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