Surplus Lines Windstorm/Hail Bills Move Forward in Texas Legislature

Legislation clarifying that authorised over-abundance lines insurers can yield whirlwind and accost insurance, notwithstanding accessible coverage from a Texas Windstorm Insurance Association (TWIA), has changed brazen in a Texas legislature, a Surplus Lines Stamping Office of Texas (SLTX) reported.

The House Committee on Insurance initial discussed HB 1940 in a open conference on Mar 19. The check was left tentative during a time. It was reconsidered on Mar 26 and a cabinet voted to news a check agreeably but amendments with a opinion of 8-0. One member was absent.

The matching Senate messenger bill, SB 2444, was review for a initial time on a Senate building on Wednesday, Mar 27, 2019, before being referred to a Senate Business and Commerce Committee.

Source: SLTX

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