Texas Windstorm Insurance Association funding for excess losses and operating expenses.

The bill amends the Insurance Code to change how the Texas Windstorm Insurance Association funds excess losses and operating expenses. It sets rules for issuing public securities and paying premiums. It also establishes a premium surcharge for certain policies in catastrophe areas. The changes apply to catastrophe years starting after December 31, 2025.

Texas Windstorm Insurance Association funding for excess losses and operating expenses.

The bill amends the Insurance Code to change how the Texas Windstorm Insurance Association funds excess losses and operating expenses. It sets rules for issuing public securities and paying premiums. It also establishes a premium surcharge for certain policies in catastrophe areas. The changes apply to catastrophe years starting after December 31, 2025.