Jettison:
Act of throwing overboard part of a vessel's cargo or hull in
hopes of saving a ship from sinking.
Jewelers Block Insurance:
An all risk insurance contract that provides jewelers with
coverage to losses which they would be exposed.
Joint and Several Liability:
The legal principle that permits an injured party to recover the
entire amount of compensation due for injuries regardless of the
degree of that party's negligence.
Joint-and-Survivor Annuity:
An annuity that provides income periodically, payable during the
longer lifetime of two persons.
Joint Underwriting Association:
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 shared by all companies writing insurance in that state.
Jumping Juvenile Insurance Policy:
A life insurance policy purchased by parents for children under a
specified age.
