JUA vs. RF
It is unclear to me what the differences between the JUA and RF are, besides the servicing insurer. Is there a difference in how the rates are set?
In the Cook wiki page it says the RF profits/losses/expenses are allocated based on the private voluntary business market share.
in the spring 2016 exam, the examiner report for question 8 says that for Reinsurance Facilities " Profit or loss is shared by insurers based on a formula."
Has this allocation changed?