29 January 2020Insurance

TWIA welcomes Speaker Bonnen appointments to TWIA oversight boards

Texas House Speaker Dennis Bonnen has appointed state legislators to serve on two oversight boards that will make recommendations for future legislation on the Texas Windstorm Insurance Association (TWIA).

The Windstorm Insurance Legislative Oversight Board was created by the Legislature in 2009. House Bill 1900, passed last year, directed this board to evaluate a merger of TWIA and the Texas FAIR Plan Association, reporting its recommendations to the legislature by January 1, 2021.

Speaker Bonnen appointed the following members of the Texas House of Representatives to the Windstorm Insurance Legislative Oversight Board: Reps. Abel Herrero (Robstown), JM Lozano (Kingsville), Geanie Morrison (Victoria), and Ed Thompson (Pearland).

The Windstorm Insurance Legislative Funding & Funding Structure Oversight Board was established in House Bill 1900 to make recommendations for future legislation to ensure the sustainability of the association’s funding structure. This board is mandated to report its recommendations to the legislature by November 15, 2020.

Speaker Bonnen appointed the following members of the Texas House of Representatives to the Windstorm Insurance Legislative Funding & Funding Structure Oversight Board: Reps. Greg Bonnen, MD (Friendswood); Alex Dominguez (Brownsville); Todd Hunter (Corpus Christi); and Eddie Lucio, III (Brownsville).

John Polak, general manager of the Texas Windstorm Insurance Association, made the following statement on the Speaker’s appointments to these oversight boards: “We look forward to working with the members appointed by Speaker Bonnen to these two oversight boards as they develop recommendations regarding the operations, funding, and sustainability of the association.”

The Lieutenant Governor will also appoint four members of the Texas Senate to each of the two oversight boards.

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