Honorable Tom Oliverson, Chair, House Committee on Insurance
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB3045 by Hull (Relating to financial regulation of certain life, health, and accident insurers and health maintenance organizations.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to financial regulation of certain life, health, and accident insurers and health maintenance organizations. Based on information provided by the Texas Department of Insurance, the Comptroller of Public Accounts, the Health and Human Services Commission, the Texas A&M University System Administration, and the University of Texas System Administration, this analysis assumes that 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.
Source Agencies:
304 Comptroller of Public Accounts, 454 Department of Insurance, 529 Hlth & Human Svcs Comm, 710 Texas A&M Univ System Admin, 720 UT Sys Admin