Texas legislation · 89th Legislature Regular Session
Texas HB3689: Relating to funding of excess losses and operating expenses of the Texas Windstorm Insurance Association; authorizing an assessment; authorizing a surcharge.
Status: Chaptered, June 20, 2025
What the bill says
An act relating to funding of excess losses and operating expenses of the Texas Windstorm Insurance Association; authorizing an assessment; authorizing a surcharge.
From the enrolled text, May 31, 2025:
AN ACT relating to funding of excess losses and operating expenses of the Texas Windstorm Insurance Association; authorizing an assessment; authorizing a surcharge. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: ARTICLE 1. FUNDING OF INSURED LOSSES AND OPERATING EXPENSES OF TEXAS WINDSTORM INSURANCE ASSOCIATION SECTION 1.01. (a) In this section, "association" means the Texas Windstorm Insurance Association. (b) The legislature finds that the use of public securities would not be an efficient or viable long-term method to fund losses of the association in order for the association to continue to provide windstorm and hail insurance after a catastrophic event. Subchapter B-2, Chapter 2210, Insurance Code, as added by this Act, is intended to replace Subchapter B-1, Chapter 2210, Insurance Code, to provide for funding of excess losses and operating expenses of the association incurred after December 31, 2025. (c) The legislature finds that: (1) previous experience has shown that the expense to the association of issuing public securities, and the interest rates for those securities, would be significant and can impose significant long-term expense obligations on coastal property and casualty risks that may be avoided if the legislature provides for financing or investment from available state money to the association before or after a catastrophic event; (2) the financing or investment described by Subdivision (1) of …
Sponsors
- Todd Hunter (R, HD-032) · primary sponsor
- Tom Oliverson (R, HD-130)
- Dennis Paul (R, HD-129)
- Greg Bonnen (R, HD-024)
- Denise Villalobos (R, HD-034)
- John Bucy (D, HD-136)
- Briscoe Cain (R, HD-128)
- Pat Curry (R, HD-056)
- Erin Gamez (D, HD-038)
- Ryan Guillen (R, HD-031)
- Ann Johnson (D, HD-134)
- Terri Leo-Wilson (R, HD-023)
Latest actions
- : See remarks for effective date
- : Filed without the Governor's signature
- : Sent to the Governor
- : Signed in the Senate
- : Signed in the House
- : Reported enrolled
- : House concurs in Senate amendment(s)-reported
- : Text of Senate Amendment(s)
- : Statement(s) of vote recorded in Journal
- : Record vote (RV#4003)
Votes
- Insurance Committee Vote (Out of committee): 9 yea, 0 nay, passed
- Business & Commerce Committee Vote (Out of committee): 11 yea, 0 nay, passed
- Record vote RV#4003 (May 28, 2025): 114 yea, 20 nay, passed
- Rules suspended-Three day rule (May 26, 2025): 29 yea, 2 nay, passed
- Rules suspended-Regular order of business (May 26, 2025): 29 yea, 2 nay, passed
- Read 3rd time (May 26, 2025): 29 yea, 2 nay, passed
Subjects: State Finances--Appropriations, Insurance--Property & Casualty, State Finances--Management & Control, WINDSTORM DEVICES & INSURANCE, WINDSTORM INSURANCE ASSOCIATION, TEXAS, COMPTROLLER OF PUBLIC ACCOUNTS, TREASURY SAFEKEEPING TRUST COMPANY, TEXAS, Fees & Other Nontax Revenue--State
Common questions
- What is HB3689?
- HB3689 is a bill in the Texas Legislature (89th Legislature Regular Session): Relating to funding of excess losses and operating expenses of the Texas Windstorm Insurance Association; authorizing an assessment; authorizing a surcharge.
- What does HB3689 do?
- In its own words: An act relating to funding of excess losses and operating expenses of the Texas Windstorm Insurance Association; authorizing an assessment; authorizing a surcharge.
- What is the status of HB3689?
- Chaptered as of June 20, 2025. Latest action: See remarks for effective date (June 20, 2025).
- Who sponsored HB3689?
- Todd Hunter (R, HD-032), with 11 co-sponsors.
- Where is the official record for HB3689?
- On the Texas Legislature website: https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB03689
Source: official Texas record. Tracked by Delilah, AI for legislation across all 50 states and Congress.