March 24, 2011
Media Advisory: TWIA Management Changes
On March 22, 2011, the TWIA Board of Directors named a new acting general manager. The Board also announced that it would move forward with a transition plan that includes hiring a new general manager.
Administrative Oversight
TWIA is currently under Administrative Oversight by the Texas Department of Insurance.
Administrative Oversight is one of the regulatory tools authorized by Chapter 441 of the Texas Insurance Code. It is a form of intervention through which the Texas Department of Insurance increases its involvement in the day to day operations of the Association. Administrative Oversight does not affect matters within the jurisdiction of a court. Litigation and other matters, including mediation or arbitration, should continue as planned.
The Department will release TWIA from the Administrative Oversight when it determines that the Administrative Oversight is no longer necessary.
For policyholders, this action does not affect the terms of coverage and insurance policies remain in effect. Policyholders should continue to work through their agents and expect normal business operations.
If a consumer or agent experiences any delays or inconveniences, please call TDI’s Consumer Assistance Line at 800-252-3439.
For more information contact:
Last updated: 03/27/2012
