Which of the Following Statements Is True About Joint Underwriting

question 36

Multiple Choice

Which of the following statements is true about joint underwriting associations (JUAs) ?

• A)They provide medical malpractice insurance coverage to those who cannot obtain insurance in the regular markets.
• B)They are created by federal legislation.
• C)They provide licenses to insurers who have been denied licenses by the state.
• D)They provide coverage to individuals whose insurers are no longer active.
• E)They are formed by the owners of the biggest firms in the industry as per federal legislation.

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Definitions:

Programmed Decisions

Decisions that are made following established guidelines or procedures, typically for routine and recurring situations.

Spotlight Questions

Expose a decision to public scrutiny and full transparency.

Public Scrutiny

The critical observation or examination by the general public, often focusing on actions, decisions, or performance.

Transparency

The quality of being easily seen through or understood, often related to the open and honest communication within organizations or governance.