LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session February 21, 1995 TO: Honorable John Smithee, Chair IN RE: House Bill No. 1243 Committee on Insurance By: Smithee House of Representatives Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on House Bill No. 1243 (Relating to financial solvency requirements for certain insurers and health maintenance organizations.) this office has determined the following: The bill would strengthen the regulatory capability and procedures of the Department of Insurance in several ways relating to financial solvency requirements for certain insurers and health maintenance organizations. No significant fiscal impact to the state or units of local government is anticipated because procedural changes would be absorbed within existing functions. However, the extent to which the number of regulatory actions could increase as a result of the provisions of the bill cannot be estimated. Source: Department of Insurance LBB Staff: JK, RM, RR