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

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

Answer: (C)

The idea being tested is how the Joint Underwriting Associations (JUA) operate in Florida. The JUA exists to provide property insurance when the voluntary market won’t offer it, especially for high‑risk properties, by pooling risk and offering policies that might not be available otherwise. It’s overseen by a Board of Governors, which provides governance and oversight for how the associations run.

Historically, Florida had two related programs—the Residential Property and Casualty Joint Underwriting Association and the windstorm-focused association—and these were eventually replaced/merged into the Citizens Property Insurance Corporation. That underscores the point that the JUA system is tied to state-level coordination rather than being a private market entity.

The statement that is not true is the idea that homeowners policies cannot be issued under the JUA and that only Dwelling policies are available. In reality, the JUA can issue homeowners policies as well as dwelling policies, so restricting it to only dwellings is incorrect.