FIGA, the Florida Insurance Guaranty Association, is best described as:

The Florida Insurance Guaranty Association (FIGA) serves a crucial role in the state's insurance landscape by providing financial protection for policyholders in the event that their insurer becomes insolvent. This is best described by the characterization of a statutory organization maintaining a fund for claim payments.

FIGA is created by Florida statute and is designed to ensure that customers have a safeguard against the loss of their insured benefits when an insurer goes out of business. The association collects assessments from licensed insurers operating in Florida to fund its operations and to fulfill its responsibility of covering claims up to certain limits.

Understanding the other descriptions highlights why they do not accurately represent FIGA’s function. While actuaries and technical experts may be involved in the broader insurance industry, FIGA's primary focus is on insolvency protection rather than maintaining algorithms. Additionally, while agent associations exist to advocate for agents' interests, FIGA is not an agent association nor does it operate from a resource pooling or political power perspective. Lastly, FIGA is not a state-owned property insurance carrier; rather, it supplements the private insurance market by providing a backstop for policyholder claims under specific conditions of insolvency.