Who oversees the Florida Workers Compensation Joint Underwriters Association (FWCJUA)?

The Florida Workers Compensation Joint Underwriters Association (FWCJUA) is overseen by the Florida Department of Insurance. The role of this department includes regulating the insurance industry in Florida, which encompasses the administration and oversight of various statutory entities, including the FWCJUA.

Understanding the framework of workers' compensation in Florida, the FWCJUA was established as an alternative market for employers who may have difficulty obtaining coverage through private insurers. The department ensures that the FWCJUA operates in compliance with Florida law and that it fulfills its purpose of providing an accessible insurance market.

It’s crucial to recognize that while the other options may seem relevant to the insurance industry, they do not hold the regulatory authority over the FWCJUA as the Florida Department of Insurance does.