Changes in the billing and commission program at Texas’ insurer of last resort for coastal property will prompt a shut down of the agency’s E-Quote system over the long New Year holiday weekend.
Due to the conversion of the Texas Windstorm Insurance Association’s website to implement the billing and commission program, TWIA’s E-Quote system will be shut down beginning at 5 p.m. on Dec. 30, 2011, and will re-open on Jan. 3, 2012, at 8:00 a.m. The policyholder portal will also be unavailable.
Any transactions processed in TWIA’s office after Jan. 1, 2012, will require gross premium, including surcharges if applicable, regardless of effective date.
If an agent’s gross premium payment is processed after the end of the year, TWIA will post the commission to the January commission statement paid on the fifth business day of February.
TWIA has posted on its website guidelines for agents aimed at facilitating more efficient and effective policy issuance.
Source: TWIA
Topics Texas
Was this article valuable?
Here are more articles you may enjoy.
Adjusters Launch ‘CarFax for Insurance Claims’ to Vet Carriers’ Damage Estimates 
Wildfires, Storms Fuel 2025 Insured Losses of $108 Billion: Munich Re Report 
MAPFRE Accuses AAA of Violating Long-Time Exclusive Marketing Agreement 
Supreme Court Rejects Challenge to $2.46B Boy Scouts Sex Abuse Settlement 
