JUA and RF
I am a little bit confused with how JUA and RF operate due to differences in examiner reports.
Under RF, are profit/loss shared by RF's determined formula or by insurers' market shares? I remember that in one year, the point was subtracted for answers mentioning the market share.
Under JUA, do insureds need to be denied by the voluntary market first? If I understand correctly, they just need to apply to an insurer, and this insurer will either retain or forward the application to a JUA servicing center.