LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
74th Regular Session
March 21, 1995
TO: Honorable John Smithee, Chair IN RE: House Bill No. 3000
Committee on Insurance By: Averitt
House of Representatives
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on House Bill No.
3000 (relating to the collection, compiling, exchanging, and use
of information related to criminal activity, fraud, material
misrepresentation or nondisclosure in connection with an
insurance transaction) this office has determined the following:
The bill would amend the Insurance Code to add a new article
providing that any person, including insurers, agents and their
employees, may provide information that the person deems
reasonable and necessary to prevent criminal activity, fraud,
material representation, or material non-disclosure in connection
with insurance transactions.
No fiscal implication to the State or units of local government
is anticipated.
Source: Department of Insurance
LBB Staff: JK, RM, RR