Greetings:
As you begin the 89th Legislative Session, we want you to know that the Texas Windstorm Insurance Association (TWIA) has resources and information available for you.
Legislative Communications & Legislative Updates Webpage:
TWIA will send you operational updates and information of legislative interest as they arise. You can find these messages on our Legislative Updates webpage (twia.org/legislative), a page specifically for legislative offices with an e-mail archive and links to helpful reference information about the Association.
We also encourage you to follow us on X (Twitter) for updates and information on the Association. Our account is @TWIA_TX.
Legislative Contacts:
TWIA’s staff are available to answer questions and provide information to you about our operations or legislative issues during session. Following is contact information for Anna Stafford and me. Please do not hesitate to contact us if you have any questions or concerns about the Association.
Biennial Report to the Legislature:
TWIA’s Biennial Report to the 89th Texas Legislature contains the TWIA Board’s recommendations for changes in laws relating to the Association. The Board of Directors recommends:
- Multidistrict Litigation: Eliminating or making optional the requirement that actions against the Association be presided over by a judge appointed by the judicial panel on multidistrict litigation.
- Premiums Used to Pay Losses: Revising the section of TWIA’s statute prohibiting the use of current year premiums to pay losses occurring in prior years.
- FORTIFIED Home Construction: Considering the feasibility and possible public funding of FORTIFIED home construction and other mitigation programs.
- Premium & Maintenance Tax: Exempting TWIA from premium and maintenance taxes.
- Premium Financing: Prohibiting the use of premium financing for the payment of premiums.
- Public Security Funding: Various options to address concerns with the issuance of public securities in TWIA’s funding structure.
- Reinsurance Funding: Various options to reduce the Association’s reliance on reinsurance.
Please let Anna or me know if you would like to meet to discuss these recommendations in more detail.
Best wishes for a productive legislative session!
Sincerely,
David Durden
General Manager
Texas Windstorm Insurance Association
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