Your Role in the Process
With depopulation, agents have the opportunity to assist policyholders in reviewing offers and transferring policies from TWIA to a new insurer. Based on the company requirements for participating in the Assumption Reinsurance Depopulation Program, agents should know that:
- Offers must be made through the current agent of record of the policy, and executed under the prevailing terms, conditions, and commissions of the agent.
- With the Assumption Reinsurance Depopulation Program, policyholders can determine whether to remain with TWIA or transfer to the new carrier from when they receive notice of offers December 1 of the program year until the assumption date the following June 1.
- Policyholders can return to TWIA at any time. TWIA’s general eligibility requirements, including Certificates of Compliance (WPI-8s), will apply.
Please click here to view all TWIA agent communications regarding depopulation.
Agents, please direct all inquiries to email@example.com.