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JamesLu JamesLu
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6 years ago
Janet was unable to obtain auto insurance in the voluntary insurance market. She was contacted by the state insurance department and notified that XYZ Insurance would be her insurer. Eric was also unable to obtain auto insurance, and he received a similar notice. ABC Insurance would be his insurer. The mechanism used in Janet's and Eric's state to provide auto insurance to high-risk drivers is a(n)
A) automobile insurance plan.
B) joint underwriting association.
C) specialty automobile insurer.
D) reinsurance facility.
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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ownzore3ownzore3
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