The Texas State Senate: Senate Committee on Business and Commerce
Senate Committee on Business and Commerce
Written Testimony Submissions and Handouts
The following reports are available for download:
- Review the administrative and financial state of the Texas Windstorm Insurance Association (TWIA). Specifically, review management's business practices that result in continued administrative oversight by the Texas Department of Insurance, and determine alternative financial methods to fund a probable maximum loss of a 1 in 75 or 1 in 100 year event. Monitor litigation developments. Develop and evaluate plans to reduce TWIA's total insured exposure. Monitor and make recommendations regarding an exposure reduction clearinghouse under development at TWIA, which aims to assist the transfer of TWIA policies to the free market. Study and make recommendations regarding the qualifications for building inspectors conducting inspections for the TWIA and other building inspectors statewide. Consider expanding the types of professionals qualified to conduct inspections and the appropriate entity to oversee inspectors.
- Review the Texas FAIR Plan's organizational and financial structure as the state's insurer of last resort for residential homeowner's insurance coverage. In particular, study the structural relationship to TWIA, cause of its current debt, and available coverages and rates compared to the private market. Evaluate proposals to reduce the total insured exposure of the FAIR Plan.
82nd Legislature's Business and Commerce Committee.
81st Legislature's Business and Commerce Committee.
80th Legislature's Business and Commerce Committee.
79th Legislature's Business and Commerce Committee.
78th Legislature's Business and Commerce Committee.
77th Legislature's Business and Commerce Committee.
77th Legislature's Business and Commerce Subcommittee on Border Affairs.
76th Legislature's Senate Committee on Economic Development.