Which of the Following Statements About Joint Underwriting Associations for Insuring

question 28

Multiple Choice

Which of the following statements about joint underwriting associations for insuring high-risk drivers is (are) true?
I.Underwriting losses are proportionately shared by all auto insurers based on premiums written in the state.
II.Each company participating in a joint underwriting association sets it own rates.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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