While TDI has chosen to implement the law with a finger on the regulatory side of the scale, the main source of regulatory uncertainty in the homeowners’ insurance market today stems from the poorly crafted statute in the Texas Insurance Code.
Without True Local Control, Pension Problems Spiral
The 45th Legislature established the Texas Local Fire Fighters Retirement Act (TLFFRA) in 1937 to create local retirement systems for the benefit of full-time, part-time, and volunteer firefighters in participating cities. At the time, lawmakers intended to create a general governance structure while still “leav[ing] administration, plan design, contributions, and specific investments to each system’s...