Texas Senators Named to TWIA Oversight Board
Lt. Gov. Dan Patrick has appointed four Texas senators to the Windstorm Insurance Legislative Funding & Funding Structure Oversight Board. The board is responsible for gathering information on the Texas Windstorm Insurance Association’s (TWIA) current funding and funding structure, along with reviewing how catastrophic risk pools operate in other states.
Senators Kelly Hancock, Juan “Chuy” Hinojosa, Larry Taylor, and Charles Schwertner were named to the oversight board. These senators join a group of four state representatives, who have been appointed to the oversight board by Texas House Speaker Dennis Bonnen. The board will create a report for review by the legislature by November 15, 2020.
“I am proud to appoint these senators to the Windstorm Insurance Legislative Funding & Funding Structure Oversight Board,” said Lt. Gov. Patrick. “Responsible stewardship of Texas Windstorm Insurance Association (TWIA) is vital to our vibrant coastal communities, and I am confident these senators will focus their serious attention on this oversight task.”
The oversight board was created during the 2019 legislative session. Lt. Gov. Patrick has yet to name senators to the Windstorm Insurance Legislative Oversight Board, a second board created during the 2019 session to make recommendations for legislation related to TWIA’s funding structure.