Which of the following statements about joint underwriting association

Which of the following statements about joint underwriting associations for insuring high-risk drivers is (are) true?

I. Underwriting losses are proportionately shared by all auto insurers based on premiums written in the state.
II. Each company participating in a joint underwriting association sets it own rates.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: A