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.