Texas Windstorm Insurance Association

December 6, 2016 – 08:00 AM
Omni Hotel 900 North Shoreline Blvd, Corpus Christi

Board of Directors Meeting of Board of Directors Texas Windstorm Insurance Association Teleconference

December 6, 2016

Omni Hotel

900 North Shoreline Blvd.

Corpus Christi, TX 78401

8:00 a.m.

Interested parties can listen to the meeting live by going to www.twia.org. Go to About Us/Board Meetings’ and click on the audio link.

Call to Order – Reminder of the Anti-Trust Statement 5 minutes Georgia Neblett

Introductions – Georgia Neblett 5 minutes

Consideration and Action to: Approve the Minutes from Prior Board of Directors Meetings 5 minutes – Georgia Neblett*

Public Comment 15 minutes

TWIA Operational Highlights – John Polak 5 minutes

Financial 20 minutes Consideration and Possible Action on the Following Financial Topics:

Report of the Secretary/Treasurer – Debbie King*

Income Statement

Management Discussion and Analysis

Financial Statement Review by Staff – Pete Gise

Income Statement and Expense Statement

Balance Sheet

Cash & Short Term Investments

Cash Flow Statement

Historical Data

Internal Audit – Weaver & Tidwell 5 minutes Consideration and Possible Action on the Following Audit Topics:

Internal Audit Status & Update

Policy Center Survey & Analysis

Actuarial – Jim Murphy 20 minutes Consideration and Possible Action on the Following Actuarial Topics:

Reserve Adequacy

Policy Count/Exposures

Statutory Limits of Liability

Reinsurance Broker Selection*

Underwriting – Denise Larzalere 10 minutes

Operational Review Update

Agency Compliance Audit Update

Claims 20 minutes Consideration and Possible Action on the Following Claims Topics:

Claims Operations – Overview – Dave Williams

Claims Litigation – David Durden

Review and Approval of 2017 Budget – John Polak*

Communications Update – Jennifer Armstrong

HB 2439 Rules Update – David Durden

TWIA Expert Panel – Dave Williams

Depopulation – John Polak/Jim Murphy

IT – John Polak

Receive and Act on Recommendations from Legislative and External Affairs Committee Regarding Recommendations to Legislature and Biennial Report to Legislature – John Polak*

TWIA Operations 30 minutes Consideration and Possible Action on the Following Operations Topics:

Evaluation of General Manager Performance, Compensation & Benefits – Georgia Neblett* 10 minutes

*Lunch break, 11:00 30 minutes *

Closed Session (Board Only) 60 minutes

Personnel Issues

Legal Advice
Consideration of Issues Related to Matters Deliberated in Closed Session That May Require Action, if any, of the Board of Directors* 5 minutes

Committees – Georgia Neblett 5 minutes A. Election of Officers

Future Meetings – John Polak 5 minutes February 7, 2017 – Radisson Hotel – Austin May 10, 2017 – Hyatt Regency – Austin August 1, 2017 – Tremont House – Galveston

Adjourn.

Additional Information Contact: Amy Berg-Ferguson, 512/899-4900