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Senate committee hears proposal to shift TWIA borrowing to state financing and add transparent storm surcharges
Summary
Senators heard House Bill 36 89, a package to change how the Texas Windstorm Insurance Association raises post‑event cash and to create short‑term surcharges that would appear as line items on policies only if a catastrophic event occurs.
The committee took testimony on House Bill 36 89, a measure that would change the Texas Windstorm Insurance Association’s post‑event financing structure and add temporary, clearly labeled surcharges on policies to repay state loans used after a catastrophe.
Sen. Sarah Kolkhorst, explaining the bill, described a new sequence that would use TWIA funds and the CRTF (catastrophic reserve trust fund) first, then permit state loans up to $1 billion and assessments…
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