TO: | Honorable John T. Smithee, Chair, House Committee on Insurance |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | HB1571 by Taylor (Relating to requirements for a group life insurance policy to be issued for certain employee groups.), As Introduced |
The bill would amend the Insurance Code relating to requirements for a group life insurance policy to be issued for certain employee groups. The Department of Insurance indicates that any costs associated with the bill could be absorbed within the agency's existing resources.
The bill would take effect immediately upon receiving a two-thirds majority vote in each house. If the bill does not receive a two-thirds vote in each house, the bill would take effect September 1, 2005.
Source Agencies: | 454 Department of Insurance
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LBB Staff: | JOB, JRO, NV
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