Webinar: Approving Offers through the TWIA Depopulation Website

You were sent notification last week that one or more of the policies your agency represents was selected by insurance companies participating in the TWIA Assumption Reinsurance Depopulation Program. This means the participating insurer is interested in assuming the selected policy/policies from TWIA.

Your agency has from now through October 31, 2016, to enter into contracts with interested companies and approve these offers through the TWIA depopulation website. Any offers your agency approves will be sent to your policyholders on December 1, 2016 for their approval. Any offers your agency does not approve on the TWIA Depopulation website, or on which you have taken no action at all by October 31, 2016, will not be sent to your policyholders.

Complete information about the approval process for Assumption Reinsurance is provided on our company informational webpages https://www.twia.org/depopulation/.

If you have any questions during this process, you may refer to this depopulation job aid or contact Agent Services at agentservices@twia.org.

 Webinar Information

Since this is the first year for the TWIA Assumption Reinsurance Depopulation Program, TWIA will be hosting a live webinar on September 15, 2016 to give your agency an in depth overview of this program and allow you to ask any questions your agency may have about the process. A live recording of the webinar will also be available on TWIA.org on September 23, 2016 if you are not able to call in.

Please register for Agent's Assumption Reinsurance Depopulation Webinar on September 15 at 10 a.m. CDT at:  https://attendee.gotowebinar.com/register/203447411579053313.

 After registering, you will receive a confirmation email containing information about joining the webinar.

Program Overview

The Assumption Reinsurance Depopulation Program was authorized by the 2015 Texas Legislature (SB 900) to encourage private market insurers to write windstorm coverage along the Texas coast. Under this program, participating insurers will be required to do the following: 1) allow you to remain as the agent on these policies and 2) continue to offer the policyholder rates and coverages comparable to TWIA’s for three renewals. Participating insurers are being reviewed by the Texas Department of Insurance (TDI) and TWIA; however, company participation in the program is not an endorsement by either TDI or TWIA.

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