The bill, H.B. No. 2841, amends the Texas Insurance Code to establish new underwriting standards for the Texas Windstorm Insurance Association (TWIA) regarding new structures. Specifically, it introduces a new provision that states that new structures certified as constructed according to the fortified home, multifamily, or commercial construction standards published by the Insurance Institute for Business and Home Safety will be considered to meet the TWIA's underwriting standards. This change aims to streamline the insurance process for buildings that adhere to these recognized construction standards.

The new provision will apply only to structures built on or after the effective date of the Act, which is set for September 1, 2025. Following this date, the TWIA is required to propose amendments to its operational plan to align with the new legal requirements established by the bill. This legislative change is intended to enhance the insurance coverage process for new constructions that meet specific safety standards, thereby potentially reducing risks associated with windstorm damage.

Statutes affected:
Introduced: Insurance Code 2210.152 (Insurance Code 2210)