TO: | Honorable John T. Smithee, Chair, House Committee on Insurance |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | HB2155 by Smithee (relating to liability of insurance agents for unfair methods of competition or deceptive acts or practices in the business of insurance. ), Committee Report 1st House, Substituted |
The bill would amend the Insurance Code relating to liability of insurance agents for unfair methods of competition or deceptive acts or practices in the business of insurance. Based on the analysis of the Department of Insurance, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
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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