Will the policy be automatically taken out?Published on: May 22, 2023
No. Under the Assumption Reinsurance Depopulation Program, policy offers must be approved by the agent of record to be transferred to the new insurer. If the policyholder takes no action, the policy will transfer to the new insurer on March 1 of the program year. Policyholders are able to indicate they want to remain with TWIA from December 3 to January 31 of the program year, which would mean they would remain with TWIA without interruption.