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.