Texas Property and Casualty Insurance Guaranty Association

Texas Property and Casualty Insurance Guaranty Association
Formation1971 (1971)
Founder62nd Texas Legislature
Headquarters9120 Burnet Road
Austin, TX 78758
Coordinates30°22′32″N 97°43′38″W / 30.3756479°N 97.7271787°W / 30.3756479; -97.7271787
Websitetpciga.org

The Texas Property and Casualty Insurance Guaranty Association (TPCIGA) is the state-designated insurance guaranty association for property insurance and casualty insurance claims in Texas, United States.[1] It is headquartered in North Burnet–Gateway, Austin.[2]

History

The TPCIGA was formed by the 62nd Texas Legislature.[3][4]

Purpose and scope

We are an insurance safety net and partner in the insolvency system, fairly serving the people of Texas in an efficient and cost-effective way.

TPCIGA, Mission statement

According to the Texas State Auditor's Office, the "Association's purpose is to pay, fairly and in a timely manner, valid insurance claims involving insolvent property and casualty insurance companies, according to Texas laws".[5]

TPCIGA's designation includes commercial property insurance, home insurance, liability insurance, renters' insurance, vehicle insurance, and workers' compensation.[1]

References

  1. ^ a b "If My Insurance Company Fails". Texas Department of Insurance. April 2014. Retrieved 2015-09-24.
  2. ^ "FAQS". TPCIGA. Retrieved 2015-09-24.
  3. ^ "About Us". TPCIGA. Retrieved 2015-09-24.
  4. ^ Gregory, Joe; Villa, Chris (July 2014). "The Texas Property and Casualty Insurance Guaranty Association". Headnotes. 39 (7). Dallas Bar Association: 11. ISSN 1057-0144. Retrieved 2015-09-24.
  5. ^ Alwin, Lawrence F. (June 1995). An Audit Report on Management Controls of the Texas Property and Casualty Insurance Guaranty Association (PDF). Report No. 95-136.