Honorable John T. Smithee, Chair, House Committee on Insurance
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB4095 by Eiland (Relating to subrogation rights of certain insurers.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to the subrogation rights of certain insurers. Based on the analysis of the Texas Department of Insurance (TDI), it is assumed that there would be a one-time revenue gain of $5,300 in the General Revenue Dedicated Account Fund 36 in fiscal year 2010 because the bill would result in additional filings by health maintenance organizations. Since General Revenue Dedicated Account Fund 36 is a self-leveling account, this analysis assumes all revenue generated would go toward fund balances or the maintenance tax would be set to recover a lower level of revenue the following year. It is also assumed that any costs realized by TDI from 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.