Assumption Reinsurance Depopulation Program – Documents Index 2022-2023

Click the following to access the 2021-2022 Document Index

#DocumentInstructionsDeadline
1Non Disclosure AgreementSubmit 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 10/1/2021

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. 10/1/2021

4

Financial InformationSubmit to TWIA all of the items on the Financial Information checklist 10/1/2021
 5Industry UCAA Form 13Separately to TDI, send the Industry UCAA Form 13 items 10/1/2021
 6Carrier Checklist for Submission to TDI Separately to TDI, send the Carrier Checklist items and include the completed checklist 10/1/2021

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
 2Data FieldsThis 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 AgreementThis agreement will be executed between TWIA and participating insurers after offers have been approved by TWIA.November 2022
5Notice 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. 12/1/2022
6 Notice and Reminder of Offer to Transfer PolicyThis is a communication that TWIA will send to the policyholder notifying them of an offer on their policy. 12/1/2022 
7 Certificate of AssumptionThis is a prescribed communication that the participating insurer will send to the policyholder at the time of the assumption.2/15/2023 
8 Notice of Assumption and Policy ExpirationThis 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 January 31.2/15/2023