Which organization is the residual market source for auto insurance in Florida?

Which organization is the residual market source for auto insurance in Florida?

• A. FRPCJUA
• B. FWUA
• C. FWCJUA
• D. FAJUA

Answer: (D)

The concept here is understanding who administers Florida’s auto residual market. In Florida, high‑risk drivers who can’t obtain auto coverage in the voluntary market are served through the assigned risk plan run by the Florida Automobile Joint Underwriting Association. This organization pools auto risk among member insurers and assigns coverage to those who qualify, ensuring access to auto insurance at standard pool rates. The other options correspond to residual market groups for different lines or aren’t the auto residual market, so they don’t apply to auto insurance in Florida. That’s why FAJUA is the correct choice.

The concept here is understanding who administers Florida’s auto residual market. In Florida, high‑risk drivers who can’t obtain auto coverage in the voluntary market are served through the assigned risk plan run by the Florida Automobile Joint Underwriting Association. This organization pools auto risk among member insurers and assigns coverage to those who qualify, ensuring access to auto insurance at standard pool rates. The other options correspond to residual market groups for different lines or aren’t the auto residual market, so they don’t apply to auto insurance in Florida. That’s why FAJUA is the correct choice.