JUA - See Joint Underwriting Association.
joint life and survivorship annuity
An annuity contract covering two or more lives and continuing in force as
long as any one of them survives.
joint life annuity An annuity contract
covering the lives of two or more persons and terminating at the first death
among the lives covered.
joint life policy A contract which
covers two or more lives; the payment of proceeds varies by plan.
Joint Underwriting Association
An organization of automobile insurers operating in a state that makes automobile
insurance available to high-risk drivers. Underwriting losses are shared proportionately
by insurers based on premiums written in the state.
judgment rates Rates
established by the judgment of the underwriter with or without the application
of a formal set of rules or rate schedule.
juvenile insurance Life insurance
policies written on the lives of children who are within specified age limits.