Honorable John T. Smithee, Chair, House Committee on Insurance
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB1761 by Thompson (Relating to the reserve requirements for credit life and credit accident and health insurance.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would amend the reserve requirements for credit life and credit accident and health insurance. Implementing the requirements of this bill would require Department of Insurance (TDI) to review administrative rules to ensure compliance with statute. Based on the information provided by TDI , it is assumed that costs associated with implementing the provisions of the bill could be absorbed within existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.