BILL ANALYSIS

C.S.H.B. 3311

By: Lozano

Insurance

Committee Report (Substituted)

BACKGROUND AND PURPOSE

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. C.S.H.B. 3311 seeks to address this issue by repealing this requirement.

CRIMINAL JUSTICE IMPACT

It is the committee's opinion that this bill does not expressly create a criminal offense, increase the punishment for an existing criminal offense or category of offenses, or change the eligibility of a person for community supervision, parole, or mandatory supervision.

RULEMAKING AUTHORITY

It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.

ANALYSIS

C.S.H.B. 3311 repeals Section 2210.102(f), Insurance Code, which requires the insurers who are members of the Texas Windstorm Insurance Association (TWIA) to nominate, from among those members, persons to fill any vacancy in the three TWIA board of director seats reserved for representatives of the insurance industry.

EFFECTIVE DATE

September 1, 2023.

COMPARISON OF INTRODUCED AND SUBSTITUTE

C.S.H.B. 3311 differs from the introduced in minor or nonsubstantive ways by conforming to certain bill drafting conventions.