Texas Governor Greg Abbott Extends Deadline on Windstorm Rate Increase
On Thursday, October 11, 2018, Texas Governor Greg Abbot extended the deadline for approval or disapproval of a rate increase filed by the Texas Windstorm Insurance Association. The extension will remain effective until June 16, 2019.
In a letter issued to Texas Department of Insurance Commissioner Kent Sullivan, the governor suspended section 2210.352 of the Texas Insurance Code to provide legislators ample time to address concerns and questions during their upcoming legislative session without forcing the decision by October 15th.
Legislators will meet in January 2019 and will have until the new deadline to discuss and come to a decision.