Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB2437 by Phillips (Relating to confidentiality of reports and related information for a solvency examination of an insurance carrier.), As Engrossed
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to confidentiality of reports and related information for a solvency examination of an insurance carrier. Based on information provided by the Texas Department of Insurance, this analysis assumes the duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.