The Texas House of Representatives Insurance Committee, chaired by Rep. Eddie Lucio III, will hold a hearing at 10 a.m. Wednesday, Jan. 15 at the Saltwater Pavilion at Rockport Beach to hear invited Texas Windstorm Insurance Association (TWIA) testimony, and public testimony regarding TWIA and other insurance issues.
The purpose of the interim field hearing is to:
• Monitor the agencies and programs under the Committee’s jurisdiction and oversee the implementation of relevant legislation passed by the 86th Legislature.
• Conduct active oversight of all associated rulemaking and other governmental actions taken to ensure intended legislative outcome of all legislation, including the following:
-HB 1900, which amends the TWIA operations and funding practices.
-Review the rulemaking process for the Texas Department of Insurance and the adoption of an updated plan of operation by TWIA.
-Monitor whether the purchase of reinsurance has increased or declined and determine whether this provision of the legislation has had any impact on premium rates.
-Monitor the appointment and work of the Legislative Funding and Funding Structure Oversight board.
Aransas County’s State Representative Jeanie Morrison will be in attendance, as will Rep. Todd Hunter.
Rep. Morrison thanked Chairman Lucio III and the House Insurance Committee for hosting a public hearing in Rockport regarding the implementation of HB 1900.
“Since Hurricane Harvey, our coastal residents have been influential in taking the lessons learned during the hurricane and making Texas better prepared for future disasters,” said Morrison.
She encourages District 30 residents to attend the hearing and express the pride the community has in the hearing’s location - the Saltwater Pavilion.
“Our pavilion is a great example of ‘Rockport Strong’, as it was devastated during the hurricane, but our community and local leaders worked tirelessly to rebuild it. It needs to be on full display for the public and my House colleagues traveling to Rockport from across the State.”
The majority of the Insurance Committee members are expected to be in attendance to hear from the public firsthand.
House Insurance Committee Director Sergio Cavazos said, “We’re really excited to come to Rockport and have a conversation with people.
“It’s crucial to us to hear from folks.”