TO: | Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB4291 by Smithee (Relating to insurance charters and certificates of authority.), As Engrossed |
The bill would amend the Insurance Code to relating to the issuance or denial of insurance charters and certificates of authority. The Texas Department of Insurance would be required to prepare the documents relating to the denial of a certificate of authority. The agency indicates that any costs associated with implementing the provisions of this bill could be absorbed within existing resources.
Source Agencies: | 454 Department of Insurance
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LBB Staff: | JOB, JRO, KJG, CH
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