What is the Assumption Reinsurance Depopulation Program?

Authorized by the Texas Legislature in 2015 and amended in 2019, the Assumption Reinsurance Depopulation Program allows participating insurers to make annual offers on large numbers of TWIA policies. A Texas-authorized insurer may participate in the Assumption Reinsurance Depopulation Program. The insurer must execute a NDA and Participation Agreement to access TWIA policy data and identify policies. In addition, participating insurers must submit additional documentation to TWIA and TDI for further review. As of the 2017-2018 filing, companies must re-enroll in the Assumption Program on an annual basis.

The insurer must appoint the policyholder’s current agent, or enter a limited servicing agreement, in order to present offers to policyholders. Policyholders will be notified by TWIA starting on December 1 of the program year if their agent has approved an offer. If policyholders take no action, their policy will automatically be transferred to the participating insurer, or they can indicate they want to remain with TWIA by sending in a form they receive with their offer notice, or calling their agent.