Dear agent,
The policyholder opt-out phase of the 2021-2022 Assumption Reinsurance Depopulation Program (Assumption Program "Round 5") has now ended, and policies will be assumed on March 1 if the policyholder did not opt out (choose to stay with TWIA) by January 31. In order to ensure there are no lapses in coverage, we wanted to clarify some information about impending policy renewals.
Policies that renew before May 1
For policies renewing before May 1, please follow the normal renewal process and submit payment to TWIA. Policyholders will still receive a renewal offer from TWIA, though they will be legally considered the new carrier’s beginning March 1 and should report any losses on or after that date to the new carrier.
Policies that renew May 1 or later
For policies renewing on or after May 1, you will receive a renewal application from the depopulation carrier, but not TWIA.
Please contact Agent Services at AgentServices@TWIA.org or (800) 208-5948 if you have any questions.
Thank you,
Texas Windstorm Insurance Association
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