Relating to funding of excess losses and operating expenses of the Texas Windstorm Insurance Association; authorizing an assessment.

SB 2571 authorizes the Texas Windstorm Insurance Association (TWIA) to assess member insurers for excess losses and operating expenses exceeding reserves, specifically for catastrophe events occurring before January 1, 2026. It establishes that assessments may not exceed 33% of the association’s probable maximum loss for a single catastrophe year and prohibits recouping these assessments through premium surcharges or tax credits. The bill directly affects property insurers participating in TWIA, requiring them to pay these assessments when reserves and existing trust funds are insufficient. Key provisions include limiting assessments to 33% of probable maximum loss, requiring commissioner approval for certain funding methods, and expiring on January 1, 2026.