BILL ANALYSIS

Senate Research Center	H.B. 3311
88R22947 KBB-F	By: Lozano (Middleton)
	Business & Commerce
	5/12/2023
	Engrossed

AUTHOR'S / SPONSOR'S STATEMENT OF INTENT

After consultation with stakeholders including insurance agents, policyholders, coastal legislators, and local officials, the Texas Windstorm Insurance Association (TWIA) board of directors recommended in its biennial report to the legislature that the requirement for insurers who are members of TWIA to nominate a slate of persons to fill vacancies in the portion of the TWIA board of directors that is reserved for representatives of the insurance industry be removed from statute. In recent years, member insurers have routinely been unable to provide a sufficient number of nominees to complete the required slate.

H.B. 3311 seeks to address this issue by repealing the requirement that member insurers nominate a slate of persons to fill vacancies. 

H.B. 3311 amends current law relating to the process of selecting representatives of the insurance industry to serve on the board of directors of the Texas Windstorm Insurance Association.

RULEMAKING AUTHORITY

This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency.

SECTION BY SECTION ANALYSIS

SECTION 1. Repealer: Section 2210.102(f) (relating to requiring insurers who are members of the Texas Windstorm Insurance Association to nominate, from among those members, persons to fill any vacancy in the three board of director seats reserved for representatives of the insurance industry), Insurance Code.

SECTION 2. Effective date: September 1, 2023. �