Premium Finance Cancellations
Policies Effective Prior to November 27, 2011
Pursuant to Section 5.4905 - of the Insurance Commissioner's Order 09-0714, the file accessible at the link below contains the list of policyholders whose TWIA policy was effective prior to November 27, 2011 was cancelled in the first 180-days of the policy term, that were subject to the minimum retained premium, and whose premium was financed by a premium financier.
To view the Premium Finance Cancellation List, click on the following link to log in to the TWIA Web Quote System, mouse over the 'Prem. Finance List' menu option, and click on 'Cancellation List'.
The Premium Finance Cancellation list is in Microsoft Excel (.xls) format. To determine whether an insured is on the list, we recommend using Excel's search function. For more information on using Excel's search function, please refer to Microsoft Excel's help content.
Policies Effective on or After November 27, 2011
Pursuant to Section 5.4905 - of the Texas Administrative Code (as amended by Commissioner's Order 11-0966 effective January 8, 2012), polices effective on or after November 27, 2011 that are canceled by a premium financier will be refunded to the premium financier on a pro rata basis, subject to the minimum retained premium equal to the greater of 90-days of the annual policy term or $100. All Association policy forms effective on or after November 27, 2011 have been changed to reflect the new minimum retained premium. The Premium Finance Cancellation List will not be maintained for these cancellations.