TWIA has implemented a policy moratorium following the formation of Hurricane Isaias in the Gulf. The information below explains what the moratorium means, when it takes effect, and when regular policy issuing operations will resume.

What you need to know about timing:

• A policy moratorium begins when a storm is designated as a hurricane by the National Weather Service and is within the boundaries of 80 degrees west longitude and 20 degrees north latitude.
• TWIA will notify agents by bulletin when the moratorium is lifted.
• A moratorium is lifted when the TWIA General Manager determines the storm no longer threatens property anywhere in TWIA’s coverage area.
• Regular policy issuing operations resume at 12:01 a.m. the day after the moratorium is lifted. For example, if the moratorium is lifted Thursday at 2:00 p.m., regular policy issuing operations resume Friday at 12:01 a.m.

 What a policy moratorium means

During a policy moratorium, TWIA temporarily stops issuing new policies and increasing coverage.

TWIA cannot:

• Accept new applications
• Issue new policies
• Increase coverage on existing policies

Renewals without an increase in coverage may still be issued during the moratorium.

Click here to learn more about policy moratoriums.

Once regular operations resume, TWIA can again accept applications, issue new policies, increase coverage, and process renewals with effective dates beginning at 12:01 a.m. that day.