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D) They provide coverage to individuals whose insurers are no longer active.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.
Correct Answer:
Verified
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