| TO: | Honorable John T. Smithee, Chair, House Committee on Insurance |
| FROM: | John S O'Brien, Director, Legislative Budget Board |
| IN RE: | HB1631 by Thompson (Relating to expedited credentialing for certain podiatrists providing services under a managed care plan.), As Introduced |
The bill would amend the Insurance Code relating to the regulation of certain transactions related to life insurance and related products; providing penalties. Based on the analysis provided by TDI, it is assumed that any costs associated with the implementation of this bill would be absorbed within existing agency resources. Also based on information provided by TDI, this analysis assumes that implementation of the bill would result in a one-time revenue gain ($24,000 in fiscal year 2012) in General Revenue-Dedicated Texas Department of Insurance Fund 36 from filing fees. Since General Revenue-Dedicated Texas Department of Insurance Fund 36 is a self-leveling account, this analysis also assumes that any additional revenue resulting from the implementation of the bill would accumulate in the account fund balances and that the department would adjust the assessment of the maintenance tax or other fees accordingly in the following year.
Based on the analysis provided by the Board of Podiatric Medical Examiners, it is assumed that any costs associated with the implementation of this bill would be absorbed within existing agency resources.
| Source Agencies: | 454 Department of Insurance, 512 Board of Podiatric Medical Examiners
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| LBB Staff: | JOB, KJG, CH
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