Greetings:

August 31 TWIA Board Meeting
The Texas Windstorm Insurance Association Board of Directors met on August 31 for an interim meeting regarding the insolvency of Weston Insurance and the Association’s preparations for Weston policyholders seeking TWIA coverage.

At the meeting, the Board received an update from staff regarding the potential number of Weston policyholders who may be seeking TWIA coverage with a breakdown of the number of impacted properties by county and policy type. Staff also provided the changes to Association application and payment processes to help impacted Weston policyholders more easily obtain windstorm coverage.

The meeting materials and archived recording for the Board meeting are available on our Archived Meetings page.

TWIA continues to provide up-to-date information about this matter for insurance agents and impacted Weston policyholders on our website.

Temporary Payment Plan for Weston Policyholders
As of August 31, insurance agents can select the temporary Weston payment plan for their clients. This payment plan is only for Weston policyholders. The other TWIA payment plans are also available to Weston policyholders.

Temporary Weston payment plan

• No premium payment is required at the time of application.
• The policy effective date can be before September 7, or on September 7.
• The premium will be divided equally into nine payments.
• The first payment is due by 90 days after the policy effective date.
• A bill for the first payment will be mailed to the policyholder at 60 days after the policy effective date.
• This temporary payment plan is authorized by this TDI emergency rule.
• Visit our Weston FAQ page to learn more.

We are encouraging agents and policyholders with questions about this plan or the WPI-8 requirement to contact our Weston Policy Support Team at (800) 231-5360 or agentservices@twia.org. Our normal business hours are Monday-Friday, 8:00 a.m. to 5:00 p.m., excluding holidays.

Should you have any questions, please contact me at DDurden@twia.org or (512) 505-2255.

Sincerely,

David Durden
Vice President, Legal & Compliance
Texas Windstorm Insurance Association