The Texas Department of Insurance has scheduled a public hearing to consider the Texas Windstorm Insurance Association’s (TWIA) petition related to the maximum limits of liability for windstorm and hail insurance policies covering the following: residential dwellings and individually owned townhouses and associated contents; contents of apartments, condominiums, or townhouses; commercial structures and associated contents; and governmental structures and associated contents.
The hearing is scheduled under Docket No. 2775, at 9 a.m., Central time, on Wednesday, Nov. 5, 2014, in Room 100 of the William P. Hobby Jr. State Office Building, 333 Guadalupe Street, Austin, Texas.
TWIA’s petition was submitted under Texas Insurance Code ยงยง2210.502 – 2210.504; it does not affect TWIA’s rates.
The Texas Insurance Code requires notice and a hearing prior to the commissioner’s approval, disapproval or modification of TWIA’s proposed adjustments to the limits of liability for its windstorm and hail insurance policies.
A copy of TWIA’s petition is available for review online at http://www.tdi.texas.gov/submissions/indextwia.html#limit and in the Office of the Chief Clerk, MC 113-2A, Texas Department of Insurance, 333 Guadalupe Street, Austin, Texas, 78701.
Source: Texas Department of Insurance
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