Florida Insurance Claims Adjuster License Practice Exam

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Prepare for the Florida Insurance Claims Adjuster Test. Access multiple choice questions, flashcards, and detailed explanations to enhance your knowledge and confidence. Start mastering the material today!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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All of the following are true concerning Joint Underwriting Associations, EXCEPT:

Policyholders must be unable to purchase insurance on the open market
Citizens replaced FRP&CJUA and Florida Windstorm
It is not possible to purchase Homeowner policies under JUA, only Dwelling policies
JUA operations are overseen by a Board of Governors

The correct answer is: It is not possible to purchase Homeowner policies under JUA, only Dwelling policies

Joint Underwriting Associations (JUA) provide property insurance coverage for those unable to purchase insurance on the open market. This is why option A is incorrect. Citizens replaced FRP&CJUA and Florida Windstorm, making option B true. JUA operations are overseen by a Board of Governors, so option D is also true. However, it is possible to purchase both Homeowner and Dwelling policies under JUA, making option C the incorrect answer.