Honorable John T. Smithee, Chair, House Committee on Insurance
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB1285 by Johnson (Relating to insurance rating and underwriting practices based on certain consumer inquiries.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to insurance rating and underwriting practices based on certain consumer inquiries. The bill would prohibit an insurer from making underwriting or rating decisions based upon consumer inquiries. The bill would take effect September 1, 2013. Based on information provided by the Texas Department of Insurance, it is assumed that any costs associated with the implementation of this bill would be absorbed within existing staff and resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.