Texas Windstorm Insurance Association (TWIA) Claim-Filing Deadline Could Be Extended One Year Under Proposed ‘Good Cause’ Rule
Jun 25, 2014
Public comments are due to the Texas Department of Insurance (“DOI”) by September 3, 2014 on proposed Rules pertaining to the Texas Windstorm Insurance Association’s (“TWIA”) claim-filing deadline.
The DOI proposes to amend 28 TAC §5.4200, “Definitions,” and add a new Rule, §5.4202, that would define the term “good cause.” The new Rule would also provide procedures for a policyholder to request a one-year extension of TWIA’s claim filing deadline from the Texas Insurance Commissioner.
The DOI’s proposed definition of “good cause” is “objective facts beyond the insured’s control that reasonably caused the insured to fail to file a claim under the policy within the one-year claim-filing deadline.”
The proposed amendment and new Rule would implement HB 3, which was enacted in 2011 and established the one-year deadline. HB 3 also authorized the Texas Insurance Commissioner to extend the deadline up to 180 days for a showing of “good cause.”
To view the proposed Rule notice and complete text, click here.
To access complete bill information on HB 3, click here.
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