Sec. 2210.001. PURPOSE. The primary purpose of the Texas Windstorm Insurance Association is the provision of an adequate market for windstorm and hail insurance in the seacoast territory of this state. The legislature finds that the provision of adequate windstorm and hail insurance is necessary to the economic welfare of this state, and without that insurance, the orderly growth and development of this state would be severely impeded. This chapter provides a method by which adequate windstorm and hail insurance may be obtained in certain designated portions of the seacoast territory of this state. The association is intended to serve as a residual insurer of last resort for windstorm and hail insurance in the seacoast territory. The association shall:
(1) function in such a manner as to not be a direct competitor in the private market; and
(2) provide windstorm and hail insurance coverage to those who are unable to obtain that coverage in the private market.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 1408 (H.B. 4409), Sec. 5, eff. June 19, 2009.
Structure Texas Statutes
Title 10 - Property and Casualty Insurance
Subtitle G - Pools, Groups, Plans, and Self-Insurance
Chapter 2210 - Texas Windstorm Insurance Association
Subchapter A. General Provisions
Section 2210.002. Short Title; Sunset Provision
Section 2210.0025. Biennial Report to Legislature
Section 2210.003. General Definitions
Section 2210.004. Definition of Insurable Property
Section 2210.005. Designation as Catastrophe Area; Revocation of Designation
Section 2210.006. Applicability of Chapter to Certain Insurers
Section 2210.007. Immunity From Liability in General
Section 2210.008. Department Orders; General Rulemaking Authority
Section 2210.0081. Certain Actions Brought Against Association by Commissioner
Section 2210.009. List of Private Insurers; Incentive Plan
Section 2210.010. Certain Conduct in Dispute Resolution Prohibited
Section 2210.013. Certain Employment and Contracts Prohibited
Section 2210.014. Applicability of Certain Other Law
Section 2210.015. Study of Market Incentives; Biennial Reporting