The Texas Windstorm Insurance coverage Affiliation (TWIA) has reminded brokers that it will likely be enhancing its present cost processes and including new on-line cost choices for policyholders.
This net publish is about adjustments to how and the place to mail checks and cash orders to TWIA. The brand new course of will enable for faster posting of funds through the use of a safe lockbox offered by Financial institution of America.
Observe: No adjustments are being made to ACH or eCheck funds. These choices stay the quickest cost strategies.
1. Most well-liked Mailing Technique: A brand new TWIA PO Field mailing handle. Beginning October 21, funds mailed with the cost coupon by USPS to the brand new PO Field handle under might be posted utilizing the date the cost is obtained and utilized to the coverage the subsequent enterprise day. The brand new PO Field is a safe lockbox with Financial institution of America devoted for processing TWIA premium funds.
PO BOX 843146
Dallas, TX 75284-3146
This transformation reduces the quantity of handbook cost processing by TWIA employees, permitting us to publish funds sooner for our policyholders.
2. Expanded Accredited Mailing Strategies: A brand new choice to submit cost to our bodily handle by traceable mailing strategies. Whereas mailing funds to the safe lockbox is TWIA’s most well-liked mailing methodology, TWIA will nonetheless course of funds mailed to our bodily mailing handle by the next authorized traceable strategies:
- USPS Registered Mail
- USPS Licensed Mail
- USPS Precedence Mail Specific
- Common mail that’s hand-cancelled by USPS
- Different companies that present acceptable, traceable proof of mail date
This feature is beneficial for these mailing funds near the due date and anxious about their cost arriving late. Funds despatched by any of the traceable mailing strategies listed above might be posted utilizing the date the cost was mailed. Brokers and policyholders ought to use the next handle for these authorized mailing strategies:
5700 South Mopac Expressway, Constructing A
Austin, TX 78749
You and your purchasers might mail funds to both handle. The mailing methodology you choose will decide the posting date of the cost.
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