The 74 th Texas Legislature amended Article 21.49, § 8 Texas Insurance Code to provide that not later than August 1 of each year, the Texas Windstorm Insurance Association (TWIA) shall file manual rates for commercial risks and classes of risks written by the TWIA with the Texas Department of Insurance for approval by the Commissioner.
The Commissioner of Insurance, under Commissioner´s Order No. 97-1037, has adopted new rates for commercial risks for windstorm coverage written through the TWIA. The new rates reflect a three (3) percent decrease for all commercial risks and became effective January 1, 1998.
The new rates are included with this bulletin.
Questions regarding this bulletin may be addressed to:
Texas Department of Insurance
Attn: Marilyn Hamilton
Manager, Commercial Lines, MC 104-2F
P. O. Box 149104
Austin, TX 78714-9104
David P. Durden
Deputy Commissioner
Property and Casualty Insurance Lines
A copy of the attachment may be obtained by calling the Chief Clerk's office at 512-463-6326.