AUSTIN – Lt. Gov. Dan Patrick announced the appointments of these senators to the Windstorm Insurance Legislative Funding and Funding Structure Oversight Board today:
Sen. Kelly Hancock, R-North Richland Hills – Co-Chairman
Sen. Juan “Chuy” Hinojosa, D-McAllen
Sen. Larry Taylor, R-Friendswood
Sen. Charles Schwertner, R-Georgetown
“I am proud to appoint these senators to the Windstorm Insurance Legislative Funding and Funding Structure Oversight Board. 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 Windstorm Insurance Legislative Funding and Funding Structure Oversight Board will gather information regarding the Texas Windstorm Insurance Association’s (TWIA) current funding and funding structure. They will also review how the catastrophic risk pools of other states operate as well as other information the board considers necessary to prepare a report to the legislature. They are directed to review proposals for establishing and implementing a sustainable funding structure for TWIA and hold public meetings with experts, stakeholders, and other interested parties to gather recommendations.
The Windstorm Insurance Legislative Funding and Funding Structure Oversight Board was created in the 2019 Legislative Session.