TX SB2530

Prohibits the Texas Windstorm Insurance Association (TWIA) from using any funds to lobby for or against legislation, with violations punishable by immediate termination and a $10,000 administrative penalty deposited into the catastrophe reserve trust fund

Requires TWIA headquarters to be located in a first or second tier coastal county beginning January 1, 2027, and mandates that board meetings for probable maximum loss and annual rate setting be held in-person in first tier coastal counties

Changes member assessment minimums from caps ("not to exceed") to floors ("at least") for Class 1 ($500 million), Class 2 ($250 million), and Class 3 ($250 million) assessments, with amounts adjusted annually based on growth in probable maximum loss

Reduces the required loss funding probability threshold from a 1-in-100 year catastrophe to a 1-in-50 year catastrophe, and requires two-thirds board approval for proposed probable maximum loss with commissioner final approval authority

Modifies board composition requirements so that three members must reside in first tier coastal counties (removing specific regional designations), at least one must be a licensed property/casualty agent actively selling TWIA policies, and extends the annual rate filing deadline from August 15 to September 15