Insurance Glossary

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Learn how to protect your business and your family with our online resources.

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Glossary of Insurance Terms

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There are currently 2 names in this directory beginning with the letter J.

Joint Underwriting Association (JUA)

A device used to provide insurance to those who cannot obtain insurance in the voluntary market. Certain companies issue policies at one rate level and handle claims, but the ultimate costs are borne by all companies writing insurance in that state.

Junk Bonds

Corporate bonds with credit ratings of BB or less. They pay a higher yield than investment grade bonds because issuers have a higher perceived risk of default. Such bonds involve market risk that could force investors, including insurers, to sell the bonds when their value is low. Most states place limits on insurers

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QUESTIONS? Call an Insurance Specialist at 1-866-924-SWRM (7976)

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