Assumption Reinsurance Depopulation Program – Documents Index 2019-2020

(Click the following to access the 2018-2019 Document Index)

(Click the following to access the 2017-2018 Document Index)

(Click the following to access the 2016-2017 Document Index)

#DocumentInstructionsDeadline
1 Non Disclosure Agreement Submit to TWIA as soon as possible to receive access to the data Recommended to submit as soon as possible

2

Participation Agreement Submit to TWIA with program application 5/1/2019

3

Comparable Coverage & Premium Certification Form;     Side by Side Comparison Example Carriers file with TDI and TWIA forms, rates, and rating rules, or submit a supplemental "reference" filing if carrier will use forms and/or rates already on file with TDI. Also submit to TDI and TWIA the Comparable Coverage & Premium Certification Form and Side by Side Comparison. 5/1/2019

4

Financial Information Submit to TWIA all of the items on the Financial Information checklist5/1/2019
 5 Industry UCAA Form 13 Separately to TDI, send the Industry UCAA Form 13 items 5/1/2019
 6 Carrier Checklist for Submission to TDI Separately to TDI, send the Carrier Checklist items and include the completed checklist 5/1/2019

Resources & Communication Templates

The forms included below are for your review to help with planning and awareness of future program activities.

#DocumentDescriptionTimeframe
1 Timeline of Assumption Reinsurance Depopulation Program Describes necessary activities and deadlines related to the program. n/a -  for reference only
 2 Data Fields This document contains the data that will be provided by TWIA to participating insurers.n/a -  for reference only
 3 Coverage Option Summary This summary provides a way for insurers to outline their coverages and how they compare to TWIA. n/a -  for reference only  
 4 Offer and Assumption Agreement This agreement will be executed between TWIA and participating insurers after offers have been approved by TWIA. November 2019
 5 Quota Share Reinsurance Contract This agreement will be executed between TWIA and participating insurers after offers have been approved by TWIA. November 2019
6 Notice of Offer of Assumption and Novation This is a prescribed communication that the participating insurer will send to the policyholder after the offer has been approved. 12/1/2019
7 Notice and Reminder of Offer to Transfer Policy This is a communication that TWIA will send to the policyholder notifying them of an offer on their policy. 12/1/2019 (Notice) 3/15/2020 (Reminder)
8 Certificate of Assumption This is a prescribed communication that the participating insurer will send to the policyholder at the time of the assumption. 5/10/2020   
9 Notice of Assumption and Policy Expiration This is a communication that TWIA will send to the policyholder as a reminder that their policy will be assumed by the carrier whose offer their agent approved if the policyholder takes no action by May 31. 5/10/2020