Insurance pools representing all insurers in a state, usually designed to handle higher risk insureds. A few servicing carriers act on behalf of all the insurers, issuing policies, receiving fees, and handling claims. They are reimbursed for losses and receive fees from the JUA to cover operating costs.
***
Unincorporated association of Insurers formed to provide a particular type of Insurance often not readily available in the voluntary market. Those insured by a UA pay assessments in addition to their premiums to pay for the operation of the association.