Joint underwriting association definition

Joint underwriting association means any entity created under Section 627.351, Florida Statutes, and which engages in the writing of Covered Policies.

Joint underwriting association means a mechanism requiring casualty in- surers doing business in Oregon to provide commercial liability insurance to certain businesses and service providers on either an assigned risk basis or through a joint under- writing pool underwritten to standards adopted under the Insurance Code.

Joint underwriting association means a voluntary unincorporated association of insurers authorized to engage in business in this state that has been authorized by the association's member insurers to act on behalf of the member insurers in joint underwriting or in issuing syndicate insurance policies on a several, but not joint, basis. (V.T.I.C. Art. 21.49-3b, Secs. 2(3), (4).)

Examples of Joint underwriting association in a sentence

• The Mcare assessment is a percentage of the Pennsylvania Professional Liability Joint Underwriting Association (“JUA”) rates as approved by the Pennsylvania Insurance Department.

• The recovery of outstanding amounts recorded as costs to be recovered from future revenue will coincide with the repayment of the outstanding long-term debt of the Authority.The South Carolina Medical Malpractice Liability Joint Underwriting Association, a non-major discretely presented component unit, defers certain policy acquisition costs for new and renewal business.

• Additional, pursuant to Article 12 of Rule LXIX of the Puerto Rico Insurance Code, Universal, is a member of the Compulsory Vehicle Liability Insurance Joint Underwriting Association ( the “Association”), which was organized during 1977 to underwrite insurance coverage motor vehicles property damage liability risks effective January 1, 1988.

• If such efforts are unsuccessful, PROVIDER shall immediately apply to the Minnesota Joint Underwriting Association for the insurance coverage.

• The Act, § 1303.731 to .733, also creates the Joint Underwriting Association, which is a consortium of all insurers authorized to write malpractice insurance in the Commonwealth and which shall provide coverage to all health care providers who cannot “conveniently” obtain private insurance at rates which are not excessive compared to other providers.

More Definitions of Joint underwriting association

Joint underwriting association means a mechanism requiring casualty in- surers doing business in Oregon to provide commercial liability insurance to certain businesses and service providers on either an assigned risk basis or through a joint under-

Joint underwriting association means the Compulsory Liability Insurance Joint Underwriting Association created by Law. The Association is a private for-profit insurer created by virtue of the provisions of Public Law No. 253, enacted on December 27, 1995, as amended, and is therefore subject to the provisions of the Code applicable to insurers for the activities for which it was created. Likewise, the Commissioner’s authority with regard to the Association will be the same as with regard to private insurers.

Joint underwriting association means the Compulsory Liability Insurance Joint Underwriting Association comprised by every private insurers whose main purpose is to provide compulsory liability insurance to applicants of such insurance that have been rejected by private insurers.

Joint underwriting association means a mechanism [requiring] through which authorized

Joint underwriting association means the Compulsory Liability Insurance Joint Underwriting Association made up of all the private insurers, whose main purpose is to provide compulsory liability insurance to applicants of said insurance who have been rejected by the private insurers.

Joint underwriting association means the Joint Underwriting Association created under section 3929.72 of the Revised Code and dissolved under section 3929.721 of the Revised Code.

Joint underwriting association means the Compulsory Liability Insurance Joint Underwriting Association that will be comprised of all private insurers whose principal purpose will be to provide compulsory liability insurance to applicants for such insurance that are rejected by private insurers.