TDI has adopted new 28 TAC §§5.4123 — 5.4128, 5.4135, 5.4136, 5.4148, and 5.4149, and amendments to §§5.4101, 5.4102, 5.4121, 5.4133, 5.4141 — 5.4147, and 5.4164. In connection with these rules, TDI has also adopted the repeal of 28 TAC §5.4131 and §5.4132. These rules address TWIA’s loss funding in the event of a catastrophe.
TDI has adopted amendments to 28 TAC §§5.4171 — 5.4173, 5.4181, 5.4182, 5.4184 — 5.4187, and 5.4189 — 5.4192. In connection with these rules, TDI has also adopted the repeal of §5.4183. These rules address the premium surcharge required to repay class 2 public securities.
The new rules implement HB 3, 82nd Legislature, First Called Session (2011). Among other changes, HB 3 amended TWIA’s sources of catastrophic loss funding and the lines of insurance that will be subject to a premium surcharge. These rules do not have a direct impact on TWIA’s rates.
