State law requires all companies licensed to write property insurance in Texas to be a member of Texas Windstorm Insurance Association (TWIA). Their percentage of participation is based on their company’s statewide sales and sales within TWIA’s territory.
Member Company Premiums and Participation Percentages
In connection with the calculation of member participation percentages in the Texas Windstorm Insurance Association (TWIA) for Texas licensed insurance companies, TWIA now relies on premiums and loss information provided to it by the Texas Department of Insurance for each carrier. As a result, Texas licensed insurance companies no longer have to provide their annual year-end Texas State Financial page (Exhibit of premium and losses) each year.
Premium Exclusions
TWIA still needs to collect the supplemental exclusion information that indicates if a company has any premium for crop hail, flood, or earthquake policies included in lines 2.1, 3, 4, and 5.1 on the Texas State Financial page.
Member companies can either return the form mailed to them annually or submit the information online.
