Brief Description and History
Texas Property and Casualty Insurance Guaranty Association was created by legislation enacted in 1971 by the 62nd Texas Legislature. Texas Property and Casualty Insurance Guaranty Association was created to provide a mechanism for the payment of covered property and casualty claims; to avoid financial loss to claimants or policyholders because of the impairment of an insurer; to assist in the detection and prevention of insurer insolvencies; and to provide an association to assess the cost of that protection among insurers.
Tax Status, and Governance
Legal Structure and Tax Status
Texas Property and Casualty Insurance Guaranty Association is a nonprofit, unincorporated legal entity composed of all licensed property and casualty insurers who must be members of the Association as a condition of their authority to transact insurance in the state. The association is exempt from federal income tax under Section 501(c)(6) of the Internal Revenue Code. The Association is also exempt from payment of all fees and taxes levied by the State of Texas or any of its subdivisions, except taxes levied on real and personal property.
Governance and Oversight
Texas Property and Casualty Insurance Guaranty Association operates under the authority of the Texas Insurance Code. It is overseen by the Commissioner of Insurance of the State of Texas through the appointment of four public board members and the confirmation of five insurance industry-elected board members. The nine-member Board of Directors is Texas Property and Casualty Insurance Guaranty Association's policymaking body.
Plan of Operation
The Board of Directors
Ty C. Simmons
Vice President and General Counsel
Berkley Southwest | a Berkley Company
Berkley Fire & Marine | a Berkley Company
[Industry Member]
Levi Steve Holt
[Public Member]
Norma Garcia
[Public Member]
Angela A. Doss
Senior Director Government Relations
Nationwide
[Industry Member]
Chris Merideth
Farmers Insurance
[Industry Member]
Karen Phillips
[Public Member]
Stan Strickland
USAA
[Industry Member]
Todd Hill
[Public Member]
Board Meeting Information
The Board of Directors generally meets quarterly or as often as needed. Notices of the meetings are posted in the Texas Register. Meetings are open to the public and are held at the Association offices in Austin, Texas. Audio is available of recent past meetings.
Board Meetings
September 30, 2025
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December 16, 2025