Texas Windstorm Insurance Association Annual Report Card
Texas Windstorm Insurance Association Annual Report Card June 1, 2016 – May 31, 2017 Jennifer T. Armstrong Vice President, Communications & Legislative Affairs Pg 1 TWIA JuneBimonthly 1, 201 HB 37 Report Card 1/31/17 June 1, 2017 Re: Annual Report Card – Section 2210.107(b) The Honorable Greg Abbott, Governor The Honorable Dan Patrick, Lieutenant Governor The Honorable Joe Straus, Speaker, Texas House of Representatives The Honorable Kelly Hancock, Chair, and Members of the Senate Committee on Business & Commerce The Honorable Larry Phillips, Chair, and Members of the House Committee on Insurance Members, Windstorm Insurance Legislative Oversight Board The Honorable Cassie Brown, Deputy Commissioner of Insurance, Regulatory Policy, and The Honorable Doug Slape, Deputy Commissioner of Insurance, Financial Regulation Dear Ladies and Gentlemen, Pursuant to Texas Insurance Code Section 2210.107(b), please find enclosed the Annual Report evaluating the extent to which TWIA has met the objectives described therein for the 12-month period immediately preceding the date of this report. The primary objectives of the Board, as set forth in Chapter 2210 of the Texas Insurance Code, are to ensure that the Board and TWIA: (1) operate in accordance with this chapter, the Plan of Operation, and Commissioner rules; (2) comply with sound insurance principles; (3) meet all standards imposed under this chapter; (4) establish a code of conduct and performance standards for Association employees and persons with which the Association contracts; and (5) establish, and adhere to the terms of, an annual evaluation of Association management necessary to achieve the statutory purpose, Board objectives, and any performance or enterprise risk management objectives established by the Board.
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