Essential Information:
- November 6 is the last day for former Weston policyholders to apply for TWIA coverage under TDI’s emergency rule.
- December 26 is the last day for FedNat (Maison) policyholders to apply for TWIA coverage under TDI’s emergency rule.
- Today, October 27 is the effective date of cancellation of FedNat (Maison) policies.
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Greetings:
Below is important information for your constituents impacted by the closures of Weston Property & Casualty Insurance Company and FedNat (Maison) Insurance Company. We also have an update on Weston policy applications.
November 6 is the last day for former Weston policyholders to apply for TWIA coverage using the exceptions available through TDI’s emergency rule. As of October 20, we have issued 11,575 residential and 242 commercial policies to property owners who lost their Weston policies - a total of 11,817 applications from August 1 through October 20. This continues to be an undercount of the true number of applications received from former Weston policyholders due to some irreconcilable variations in data formatting between Weston’s policy list and TWIA’s system.
Today, October 27 is the effective date of cancellation of FedNat (Maison) policies. We will include data regarding policy applications received from former FedNat (Maison) policyholders in our next legislative update.
Please share the following reminders with your constituents who have FedNat Insurance Company (Maison) policies or were cancelled by Weston Property & Casualty Insurance Company.
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Important Dates and Reminders about FedNat (Maison) and Weston
Dates and reminders about FedNat (Maison)
- FedNat (Maison) are cancelled as of 10/27. In September, Florida regulators sent this notice to FedNat's Texas policyholders.
- On 12/26, the exceptions under the TDI emergency rule will expire for FedNat (Maison) policyholders. Learn more on TWIA’s webpage about liquidated insurers or TDI’s news, resources, and FAQ for FedNat (Maison) policyholders.
- Insurance agents should type in “FedNat” when prompted to provide the declining carrier when applying for coverage with TWIA.
- All TWIA payment plans are available to the policyholder. To take advantage of the special payment plan, insurance agents should select “FedNat (Maison) Receivership Payment Plan” in the payment plan section.
Dates and reminders about Weston
- Weston policies were cancelled as of 9/7.
- On 11/6, the exceptions under the TDI emergency rule will expire for former Weston policyholders. Learn more on TWIA’s webpage about liquidated insurers or TDI’s FAQ for Weston policyholders.
- Insurance agents should type in “Weston” when prompted to provide the declining carrier when applying for coverage with TWIA.
- All TWIA payment plans are available to the policyholder. To take advantage of the special payment plan, insurance agents should select “Weston Receivership Payment Plan” in the payment plan section.
Impacted coastal property owners with questions or concerns can contact us at agentservices@twia.org or (800) 231-5360. Our normal business hours are Monday-Friday, 8:00 a.m.-5:00 p.m.
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Should you have any questions, please contact me at DDurden@twia.org or (512) 505-2255.
Sincerely,
David Durden
General Manager
Texas Windstorm Insurance Association
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