House Bill Allows SL Insurance Despite TWIA Coverage

Feb 25, 2019 | Archive News

State Rep. Eddie Lucio III has filed HB 1940 in the Texas House of Representatives, which would allow an eligible surplus lines insurer to provide windstorm and hail insurance, despite available coverage from the Texas Windstorm Insurance Association (TWIA). Under the bill, a diligent effort for coverage in the admitted market would still be required. However, available insurance through TWIA would not preclude an eligible surplus lines insurer from providing coverage.

Lucio III, who serves as Chairman of the Texas House Insurance Committee, filed the bill on February 19, 2019.  It has not yet been assigned to committee.

If the bill receives a two-thirds vote in the House, it will take effect immediately. If it passes and does not receive a two-thirds vote, it will take effect on September 1, 2019.