What is the primary purpose of a joint underwriting association in the context of high-risk drivers?

The primary purpose of a joint underwriting association, especially in the context of high-risk drivers, is to pool premiums paid by these drivers to cover shared losses. High-risk drivers often face difficulties obtaining insurance due to their driving history or other risk factors. A joint underwriting association allows insurance companies to work together to provide coverage to this group by pooling resources. This pooling mechanism helps to distribute the risk associated with insuring high-risk individuals, thereby making it possible for these drivers to secure the necessary insurance while also ensuring that the costs are managed collectively among the participating insurance companies.

The other options focus on aspects that are not the core function of joint underwriting associations. Setting uniform rates can be a feature of various underwriting practices but does not encapsulate the collaborative risk management purpose of such associations. Eliminating the need for insurance contradicts the fundamental role of insurance associations, which is to provide coverage. Finally, while joint underwriting associations might have some connection to broader social implications regarding safety, their primary function is focused on managing insurance risk rather than funding public initiatives.