Florida Insurance Licensing Practice Exam

What is the company issuing the policy through the Florida Automobile Joint Underwriting Association called?

1. A standard carrier

2. A servicing carrier

3. A non-standard carrier

4. A competent carrier

The correct answer is: A servicing carrier

A servicing carrier is responsible for issuing policies through the Florida Automobile Joint Underwriting Association. This is typically done for high-risk individuals or those who have been denied coverage by standard carriers. A standard carrier is incorrect here because they typically only cover low-risk individuals. Non-standard carriers may also issue policies through the association, but they are not the primary issuer. A competent carrier is not a recognized term and therefore would not be the correct answer in this context.