Honorable Robert Duncan, Chair, Senate Committee on State Affairs
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
SB964 by Ellis (Relating to requirements for insurers and insurance agents that sell Medicare-related products.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to insurance agents that sell Medicare-related products. The bill would require the insurance agents to fulfill additional continuing education requirements and would require the Texas Department of Insurance (TDI) to adopt rules pertaining to the continuing education requirement. TDI anticipates any additional work resulting from the passage of the bill could be reasonably absorbed within current resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
405 Department of Public Safety, 454 Department of Insurance